The best way to learn how to do this the proper way is by downloading a user guide in PDF format. Luckily, there is one PDF file known as user guide/manual that gives you lots of information related to installation, configuration, data transfer, etc.
Use the following link to download it: http://www.amperorblog.com/doc-lib/MD300I2Ver1.0.pdf
Note: You also need the correct software distributed ONLY on CD and the USB data cable. Contact the seller you acquired the device from and he should provide additional details about it.