Murphy1570, since you have already confessed that you are illiterate when it comes to all things electronic, then my take is that any suggestion of diodes/meters and integrity of drive transistors has left you even more purplexed, right? Don't let it bother you - you're not on your own. Some boffins would have you believe that electronics is more complex than it really is and just love to show off their electrical know-how. Take solice in the fact that most electrically-minded folk are often more illiterate than yourself - especially when it comes to explaining things to those without any knowledge or interest in electronics..
To be honest, information for your particular ESC is a bit thin on the ground, ergo, any info' I might offer here is merely shooting from the hip. But an ESC is an ESC, and pretty much all modern ESCs work on the same principle. Like I said, I'm not familiar with your unit, so I'm guessing that yours has two wires going to the motor, two more wires going to the battery and a 3-wire lead which plugs into your receiver. Right so far?
Does your unit have a small button you need to press in order to set its operating parameters? Does it have any sort of glowing indicators? Does it have any holes in the casing in which to make adjustments with a screwdriver?... etc.
It would help heaps if you could maybe post a photo of your unit and/or your present installation. The worse scenario being that your ESC is indeed a duffer, but before fearing the worse, a few simple checks are all that's needed in order to ascertain if it's a go'er or not. It may even be that you simply have a wrong connection somewhere, so if you could put up a photo, perhaps we could take it from there.