Using hot keys, you can create transitions in any Record Area view. To create a transition gesturally, you must be in Timeline view. The following is the basic workflow for creating transitions.
To create a basic transition:
The corresponding transition icon appears on the timeline.
(a) Dissolve icon (b) Wipe icon (c) Custom icon (d) Axis icon
(a) Alignment box (b) Duration field (c) Transition mode