"Okay I understand this but think I might be getting confused about what a semi-tone is. My understanding is that the 12 steps of Traktor's key knob are each equal to the interval between the 12 keys on a keyboard between 2 octaves and these intervals are called semi-tones. For example from A Flat to B is 3 semi-tones. Am I correct?"
Yes.
"Secondly I would have thought that by shifting the key knob up 14 places is the same as shifting it up 2 since 14 is just one octave plus 2 semitones hence would still be in the same key."
It should be in the same key, however all tones may a full octive higher compared to shifting it just 2 semitones. I do not know whether Traktor would resume the original octave, as if you had shifted just 2 semitones, or if all shifts are actually cumulative.
"Thirdly, does a key of A Major mean that the root note is A? If it is, then you can use the keyboard layout to compare the differences between two keys and work out how much you need to change the track to match you second track. If it is not, then what do you use as a way of comparing different keys?
Yes, the root note is "A" for A-Major. It is also "A" for A-Minor, which may confuse users without adequate music education. Three different tones are required to establish a key. The difference between an A-Major (11B) and an A-Minor (8A) may depend on just that third tone (the "third").
Much computer-generated EDM is constructed without adhering to standard rules of melody and harmony, which makes identifying their root key quite difficult. On the other hand, such EDM may equally fit as an A-Minor or A-Major, for example.
The less a track adheres to standard rules, such as much Hip-Hop and EDM, the less useful is harmonic mixing. When actual melodies are present, other songs can make a tighter fit when mixed harmonically.
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