If your VFD is of the Huanyang variety, you will likely find useful information in that thread (and others)
The problem is, as @quicky06 alluded to, the exact parameter values you need to use depend on the specific spindle you bought. Start by sharing as much info as you can on your VFD type and spindle, what you understood so far that you should be changing, and hopefully we will collectively be able to support you in the process of setting things up.