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best free program is ffsplit ( can be used for streaming and recording ) u can setup for any resolution/bitrate try it :)

http://www.ffsplit.com/

Pro,s

No water mark

No time limit

No payment (u can donate )

Can be setup to stream * and wen your done streaming automatically upload to YouTube ) tough this take,s some time / knowledge

Con's

Non found yet

Edited by Dragnar

I used to use Fraps but Bandicam is a better software all round. You can change your encoding, make really small files and it doesn't split it into 50 pieces. Also, being able to record your mic into a separate track is a must for editing.

http://www.youtube.com/Xuhybrid

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