All of that 'gibberish' in the raw data window might be an indication you don't have the baud rate set properly on the preferences tab. My USB receiver shows readable data with 4800 baud, 8 bits, 1 stop bit, no parity and no flow control. When there's a fix lock you will see something like this in the raw data window:
$GPRMC,032631.000,A,4103.5903,N,07520.6897,W,0.54,353.68,230210,,*15
$GPGGA,032632.000,4103.5905,N,07520.6896,W,1,08,1.0,432.5,M,-33.9,M,,0000*6B
$GPGSA,A,3,31,16,03,20,06,23,32,29,,,,,1.7,1.0,1.4*39
$GPRMC,032632.000,A,4103.5905,N,07520.6896,W,0.73,305.94,230210,,*14
$GPGGA,032633.000,4103.5908,N,07520.6893,W,1,08,1.0,431.3,M,-33.9,M,,0000*67
$GPGSA,A,3,31,16,03,20,06,23,32,29,,,,,1.7,1.0,1.4*39
--- CHAS