Picking the right current is not always easy, but it's not all that difficult to get a Vf.
Let's say you have a 12V DC supply and you want to test some LEDs. Lets use a series resistor - but what value?
Pick a current. I'll go with your 20mA for this exercise.
Now, if you know the colour of your LED, you can look around and see what the typical Vf is for that colour and use that - but for a general figure to use in this exercise, let's use 2.5V.
Now, the resistor will have to drop 9.5V (12 - 2.5) when carrying 20mA
V = I x R
9.5 = 0.02 x R
R = 9.5/0.02
R = 475 ohms
So, grab a 470 ohm resistor and go for it.
Note: This will give you "pretty close" voltages, because the current will likely not be exactly the nominated value, but the numbers you get will be quite useful. You could also measure the voltage across the resistor and work out the exact current.
The other approach - and perhaps the best - is to get yourself a constant current circuit. With this, once you've set it for a particular current, your measurements will be more "correct".