That's a pretty old version of Corel, and that little wheel has thankfully long since been retired...
But the bottom line is that the only way to do what you're trying to do is to first profile the monitor -- correctly -- and then view as a soft-proofing condition through the actual profiles to which you're printing on a particular media.
The profile you've selected there happens to be the default CMYK working space for most applications these days, however, unless you're printing on coated stock on a heatset web press, it's not your printer profile.
Your actual printer profiles are in a file somewhere in your RIP directory. Where exactly depends on what RIP you're using. It's possible to point that wheel to them, but it is pretty cumbersome.
I'd also note that the "only" way to do what you're trying to do isn't to buy profiling equipment and attempt to do it yourself. That way is possible, but it comes with a steep learning curve, and all the time you're spending learning is time you're not spending on the myriad other things you've got to do each day.
Plus of course, since there is all manner of mis-information out there about how to set up color management correctly, you can't ever really be sure you've set it all up correctly, or to its best effect.
What you can do is hire Correct Color to set up your color workflow. In the end, that's the best way to get to where you're trying to go.
