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In Media Composer, effects can be broken down into three different types:
Transition effects. As you’ve learned, these are applied at the transition point between two clips, often to emphasize a change of time or theme. Transition effects include dissolves, dip-to-color transitions, wipes, pushes, squeezes, and spins.
Segment effects. These are applied to an entire clip within a sequence to change the look of a clip. Segment effects include color effects, masks, and resizes.
Motion effects. These are applied to entire clips within a sequence or to source clips to vary the frame rate or motion of the footage. Motion effects are covered in more depth later in this book.
Note: No matter which type of effect you want to apply, you can access it from the Effect Palette.