This set of tips is inspired by some tips submitted by Hershleder.com visitor Ido Angel who is an editor in Israel.

  
Saving Effect Templates to a bin for future use:
After spending a good deal of time setting parameters and keyframes for an effect, you can save the entire effect for future use. It's quick and simple. In the top right hand corner of the Effect Editor you will see the icon for the type of effect you have applied (circled in red):

Place your cursor over the Effect Icon (circled in red above) and hold down the mouse button. Continue to hold down the mouse button and drag the Effect Template to any open bin. My suggestion is to create a bin labeled "Effect Templates." This will make them easier to find. Not only will they be in a logical location (the Effects Templates bin), but you'll find that ANY bin that contains effects will appear as a selection in your Effect Palette (see below). In addition, you can also save that bin and take it with you from job to job, project to project.

 
A bin created just to hold
"Effect Templates."
Name them whatever you want.

 
Notice that the bin called
"Effect Templates" appears
as a selection in your
Effect Palette, and all the
effect templates in that bin
appear in the right hand column
of the Effect Palette.

Applying an Effect or an Effect Template to one segment or one transition:
To apply an effect from either the Effect Palette or from your personal Effect Templates bin to one segment or one transition, you can:

A – Drag the icon from the Palette or your Effect Templates bin and drop it in the timeline on the desired segment or transition. Note that transition effects placed directly from the Effects Palette will have a default duration of 1 second.

B – Using either the Segment Mode yellow or red arrow, you can select a segment and then simply "double-click" on the effect icon in the Effect Palette or your Effect Templates bin and the effect will be applied.

 
Applying an Effect or an Effect Template to multiple segments or transitions:

A – You can hold down the Shift Key to select (or de-select) multiple segments or you can also lasso them (see the previous tip "LASSOING AND LASSOING INSIDE THE TIMELINE" above). After selecting the multiple segments, then simply "double-click" on the effect icon in the Effect Palette or your Effect Templates bin and the effect will be applied.

B – Enter Effect Mode. While in Effect Mode you can hold down the Shift key and then select (or de-select) multiple segments or transitions. Once the desired segments or transitions are highlighted, simply "double-click" on the effect icon in the Effect Palette or your effect templates bin and the effect will be applied.

C – You can also lasso while in Effect Mode. Lasso left to right and get Segments. Lasso right to left and get Transitions.