help with noob setup

I've read alot this forum, but didn't find proper answer for my question, everyone askin bout decks, mixers connectin etc.. but mine is a alot simpler.
so i got this soundcard Creative E-MU 0404 USB Audio/MIDI Interface
http://us.creative.com/products/product.asp?category=237&subcategory=538&product=18388
my question is can i have 2 tracks played separately 1 from speakers and other from earplugs (for monitorin)
ive read that i probably need audio 8 DJ, but it says its not installed... what i can choose from audio devices also are
ASIO E-MU 0404 USB
E-MU 0404 | USB (4in, 2out)
if it's possible then what should i change in my options? atm in input routing everything is in "-not connected-" state
and output routing is Internal and output master is in "Analog OUT" state for both L and R
oh and lastly my soundcard is connected with USB and i have speakers with 1 stereo input into my soundcards 1 main output.
maybe you need to know other setup what i have? but basically i didnt change anything so it has to be default

sorry if this question was answered before, i did search for it but didnt find any solution. i really dont get how to setup it properly...
thank you for reading my problem

 

(4in, 2out) refers to stereo pairs, in stereo that would be (2in, 1out)

Have you kept the receipt mate ? You're going to have to get something that has (*in, 4out)

 

okay thanks... maybe you could recommend which one to buy?