You don't need dns settings to use a domain. You should either add it as a new domain with its own public_html folder (advanced, domain settings) or add it as a domain pointer.
Also, please don't be afraid to post your domain and what exactly you want to do with it. (unless you don't want to of course)
Oh thanks easy as 1, 2, 3,... I didn't know if I can post my site domain, that was why I used generic. I seen some forums that do not want posters to post their domain, cause they do not want advertisement posting. Thanks thou. Hopefully everything will go well.
Change your DNS records with your domain registrar and give it a little while to propagate and you should be all set....my domains went thru without a hitch.