Can I play 3d video on normal LCD Monitor and see it with 3d (red & blue) glass, or do I need a special type of monitor (3d enabled)? If so is there any software that can be used to view 3D video on normal LCD monitor?
With red and blue glasses, yes - and you don't need any special software. If you just want to test your glasses, YouTube has a number of red-blue clips to start with. Search for "anaglyph".
EDIT: Unless you want to convert 3d video from different formats to red-blue.
With flickering glasses, you'll need at least a monitor that supports 100-120 Hz refresh rate to view comfortably.
With polarizing glasses, you need a polarization-capable monitor/tv.