The fade has a few different ways of being attached to a clip, but it is certainly more accessible than most transition types. The easiest way to do it is to right click the clip and go down the pop up menu until you find Fade In or Fade Out. Select the one, or both, that apply to the clip and they are then added. Once you have selected one a check mark appears next to it indicating that it has been attached. To remove this check mark you simply select it again. You can also go through the more conventional method of going to the Movie Tasks menu, looking under Edit Movie, selecting View Video Transitions, and then dragging and dropping the fade effect onto your clip. This method is better for transitions that are a little more unorthodox and that you might need to see a preview of. Adding the fade gives a standard time for the fade, but it is calibrated according to the average length that fades are conventionally allowed on screen.