Can The Asus F550LB edit videos?

[Elpixion]

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?
SPECS:
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

 

[Reynod]

If it is running fine then simply put some more ram in it, and/or an SSD.

Both of these will give you a performance boost in terms of disk access and memory use.

An i5 is a fairly decent CPU and while it is not a higher end laptop it does have a discrete 740M GPU in it which is reasonable.
http/www.tomsguide.com/answers/id-1722308/good-nvidia-geforce-740m-2gb.html