When you click on “render as”, at “save as type”, pick “Windows Media Video V11” (.wmv).
Now click on “custom”, in order to tweak the settings.
And these are all the settings.
Index/Summary and Project don’t have any settings.
Notice that in order to have your videos without black borders, you need to record from a widescreen resolution.
Some monitors don’t have a native widescreen resolution with the 16:9 ratio.
Save your settings as a template, name it “youtube” or whatever you want.
The rendering doesn’t take extra time, for a normal video of 15 minutes, it usually takes around 30-40 minutes, depending how good your computer is.