Storing iMovies on external hard drive?

in Mac Software edited February 2014

I want to create many iMovies from my home VHS tapes and want to store every thing on an RAID mirrored external hard drive and not on the iMac.  Not sure how to do that?  I made one iMovie and that info is in the Movie folder under the home folder on the iMac.  Some of the files and folders in that Movie folder are not obivious what they are used for.


?Can I just move the existing Movie folder to the external hard drive and save all of the newly created iMovies to that folder?  Then trash the files and folders that are created in the Movie folder on the iMac?  


This iMove application is time consuming for me and want to keep all of effort on the external RAID mirrored drive.

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