I would like to know how to create this shadow effect in photoshop. I know how to make shadow in photoshop but don’t know how to make this fading shadow on the left and right side in the image.
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There’s no automated way to do this easily. You need to manually create the shadows.
One very quick and easy solution would be to …
Select the brush tool with the hardness value set to zero percent.
Click once on an empty layer to get a feathered dot as shown below.
Now, press “ctrl+t” to transform the dot into the desired shape.
Put a shape over the shadow and reduce its opacity to get the result below.
One quick way, would be to create a shape behind it, and end each side on a bit of a curve.
Next, add your shadow to this shape, and place it in a layer below, nudging it into place.