If you need to play an regular audio record through Traktor you will be able to use the internal features like effects, EQ, Filters and more. Keep in mind that you need to be in sync with another track to use effects that are dependent on tempo. I.E. Beatmasher, Beatslicer, Echo and Delay...
TIP: You can also use this when using microphones for great results.
Wrote about this earlier aswell.
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