So... there is no visual after clicking APPLY? I want to adjust the sound as the clip plays, until I get it the way I want it, then save it. Are you saying that I need to move the sliders to a config that I hope will sound good, then click APPLY, then listen to see if it's good? And if not, do it all over again?
EDIT: Nevermind, I got it. Run the video, open EQ to make changes, click APPLY, the video continues with the changes applied. No need to stop the video or reset the EQ, etc. It's all good.