Real time effects

I have recently downloaded 2.3.0 in hopes that real time mixing of a recording could be done. Am I right about this and if so what would I need to
do real time mixing. I’m a novice at this so any help would be greatly appreciated;

Audacity doesn’t do anything in real time. It’s a post-production audio editor.

It depends what you mean by “real time mixing”. You can adjust track levels while playing the project (see: Mixer - Audacity Manual)

I guess what I’m saying is I would like to be able to change EQ settings while listening to the track.

Audacity does not do effects in real time. The program “Reaper” may be a better option for you.

Thanks Steve, I’ll look into it.