Can The Asus F550LB edit videos?


Jun 17, 2017
So just a quick question, i'm an aspiring youtuber (mainly vlogs with some gameplay here and there) and all i have is this laptop, now i know it can play games, and it can edit videos but i am looking for your opinions (or facts).
Can my laptop edit 720p-1080p videos?
intel core i5-4200U (1.6GHz but says 2.3GHz in task manager)
4GB ram 1600MHz (pretty sure DDR3)
500GB HDD (its been replaced so i don't know the speed)
Nvidia GT 740M (along with intel HD 4400 graphics {let me know which is better})
15.6" 1366 x 768 monitor.
I just want to know if i should continue editing on this laptop or whether to get another computer (i have $250 right now money is tight as i am 14) much appreciated