Understanding the Effect Preview Monitor
The Effect Preview monitor displays the selected effect in the sequence where the position indicator is located in the Timeline. The effect's position bar, located directly below the Effect Preview monitor, represents only the selected effect, not the entire sequence.
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If the effect you expect does not appear in the Effect Preview monitor, make
sure that you have selected the Record Track Monitor button in the Track
Selector panel. If a black frame appears in the Effect Preview monitor, the
position indicator might be at a location in the Timeline where an effect
has not been applied to the sequence.
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