Video editing effects encompass a wide range, from basic transitions to advanced visual enhancements. Common effects include cuts, fades, dissolves, and wipes for transitions. For visual enhancements, there are color grading, filters, overlays, and motion graphics. Special effects like chroma keying (green screen), slow motion, and text animations add creative elements. Editing software like Adobe Premiere Pro, Final Cut Pro, and DaVinci Resolve offer a plethora of effects for customization.