Effects are displayed in the Track View and Console View FX Racks.
To see the FX rack in the Track View
Click the Advanced button (pointed to by arrow 1)
It may be necessary to drag the sash (pointed to by arrow 2) to the right to show the FX Rack
To see the FX rack in the Console view make sure the module is selected in the Module Menu pointed to by arrow 3.
To open an FX UI click the name of the plug-in in the FX Rack. There is a power button to the left of the name to turn the plug-in off/on. Right-click in the FX Rack and + in the upper right of the FX Rack open the FX Rack menu.