I use FL Studio 5. What I do is this:
In the mixer, on my master, I usally use Fruity Band EQ and put it to hip-hop pre-set. Then I name one channel "Track Drums" and I add the Fruity Compressor. I set the compressor to the "Drums" pre-set. I also add Fruity Stereo and set it to "subtle." After this, I take my kick, snare, hi-hat, shaker and direct it to this channel. Which means I have the compressor settings and the stereo settings on the drums
The master is playing in the hip-hop pre-set EQ.
If I use strings, synths, pianos, or other instruments, I add other channels to correspond to them. Then I add re-verb, stereo, delay, chorus and stuff like that. Basically, all my EQing is done with the stuff that comes with FL Studio 5.
My method is weak, I know that, but maybe some of you could direct me towards a better way to EQ my stuff within FL?