VirtualDJ 8 is a 3rd party software that you can use in conjunction with Live365 to broadcast live. Virtual DJ is just one of many applications you can use with Live365.
The VirtualDJ interface allows for the mixing of up to 4 tracks, well as mic voice-overs and a wide array of effects (Echo, flange, filter, reverb etc..). Virtual DJ 8 is available for both Mac and Windows. For broadcasting to a Server, you will need to have a paid subscription or the Paid Version (PRO License). The instructions below reflect the Windows version.
Please Note: Per ATOMIX SUPPORT (The makers of Virtual DJ) Icecast encoders are only supported for Virtual DJ 8. Encoders have been disabled for Virtual DJ 7. This means Virtual DJ 7 is not able to stream to Live365.
Here are step-by-step setup instructions to set up Virtual DJ 8:
Step 1) Download and install a copy of Virtual DJ 8 from http://virtualdj.com/download/index.html
Step 2) Open your Live365 Broadcaster. (Login Required)
Step 3) Locate the Station Information area on your Live365 Dashboard, as shown below:
Step 4) Click on the orange “Live Stream Details” button.
Step 5) Once you’ve clicked the “Live Stream Details” button, the Setup Instructions window will open, similar to the one shown below.
Leave this window open because you will need to input some of this information into the Virtual DJ 8 interface.
Step 6) Open Virtual DJ 8. Then, in Virtual DJ 8, locate the options Gear 
in the upper right hand side.
Step 7) This will open a new window. From here click on the “Broadcast” option.
Step 8) In the broadcast menu, you will add the appropriate information from your "Setup Instructions" page.
Step 9) After adding all the appropriate information, click on the "Start Broadcast" button. Virtual DJ will then indicate that you are actively streaming to the server.
When you enable the live broadcasting, you will immediately start to broadcast live. You will override any scheduled Events and AutoDJ currently playing in the Live365 Broadcaster. Live365 Broadcaster may be used as a fallback, in the event your Virtual DJ 8 application crashes or goes offline.
Please remember that even when you are broadcasting live, your files must transmit the correct metadata for copyrighted content (Artist - Title). If you are part of the Ad Revenue Share Program, you must also manually insert our ad trigger files. You can find them here: https://support.live365.com/hc/en-us/articles/115003833727-Live-DJ-Ad-Triggers