Step 1: Record
You can use Fraps (there may also be a way to use Xsplit to do a local recording). Your PC should be good enough. You will need A LOT of free space (hundreds of GIG) if you record multiple hours. At this stage your video is raw, it's uncompressed and therefore takes a lot of space.
Step 2: Edit
I personally use Sony Vegas well that was 5 years ago. If you never used it, it's quite friendly but if you want to do cool stuff it will still need you some time to learn.
Step 3: Encoding
Since everything is raw you will need to compress (using a codec and an encoding program) everything and make it to a reasonable size and quality. Sony vegas as an encoding part when your editing is over.
Edit: Fraps slows things down, you cannot avoid it but your computer should still manage to produce >30 fps which is enough for recording. There is no point speaking of it until you try fraps anyway.
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You can use Fraps (there may also be a way to use Xsplit to do a local recording). Your PC should be good enough. You will need A LOT of free space (hundreds of GIG) if you record multiple hours. At this stage your video is raw, it's uncompressed and therefore takes a lot of space.
Step 2: Edit
I personally use Sony Vegas well that was 5 years ago. If you never used it, it's quite friendly but if you want to do cool stuff it will still need you some time to learn.
Step 3: Encoding
Since everything is raw you will need to compress (using a codec and an encoding program) everything and make it to a reasonable size and quality. Sony vegas as an encoding part when your editing is over.
Edit: Fraps slows things down, you cannot avoid it but your computer should still manage to produce >30 fps which is enough for recording. There is no point speaking of it until you try fraps anyway.