Adding effects while recording....

Is it possoble to add effects while recording? Whenever i try to use effects it says to select some audio first.How to set the effects before I start recording and then record voice with those effects?
Thank you.

Basically no - Audacity does no real time processing while recording.

It is one of the most common requests in the Audacity Feature Request list on the wiki. I have added your vote to it there.

You can see the FR list at: http://audacityteam.org/wiki/index.php?title=Feature_Requests#Highest-rated

WC