MATLAB: Actxserver excel application

importing excel data

Can anyone give me a simple explanation of how to use actxserver to import data from matlab. I have a working code by using loops and xlsread but the running time is way too long. All I understand about actxserver is that it will save time as it doesn't open and close excel every time it goes through the loop.
I've got this far:
hExcel = actxserver('Excel.Application');
hExcel.visible = 1; % If you want Excel visible.
hExcel.DisplayAlerts = false; % Avoid excel warning popups
Which basically just opens excel. I now need to get some data…