Editing with Action screen recorder.Action is a tool that was developed for recording games and for live streaming. Even if it has the ability to export the recorded videos to other file formats, Action can't be used to edit these recordings. The developer didn't implemented this function and you can't use the program in this way.
Action! allows streaming and real-time recording of Windows desktop. GPU utilization allows smooth real-time HD gameplay video recording. It displays current and average game framerate (FPS) during gameplay; this allows you to save your benchmark results. This application supports streaming to Twitch.tv, YouTube, hitbox, Facebook, Ustream, Aliez, and other websites.