1. Open Photoshop. Open Image to work with Lasso Tool.
2. Select the first Lasso Tool.
3. You can select the flower using this free form lasso but you will notice that it doesn't give accurate selection. It may be very useful for drawing free hand selection border. Press Ctrl + D to deselect.
4. Press the cursor on the Lasso Tool and you will get three options. Select second, Polygonal Lasso Tool. Select the point to begin the selection and keep on clicking closer along with the edges of the flower. You will notice that the selection is pretty accurate. Press Ctrl + D to deselect.
5. Press the cursor on the Lasso Tool again and you will get three options. Select third, Magnetic Lasso Tool. Click the first point near the edge and start moving along with the edge of the image. The selection will get automatically snapped around the edge. Complete the selection to the first point. Press Ctrl + D to deselect.
6. You need high contrast background for the Magnetic Lasso Tool. In the next image the background is totally contrast with the red circle hence it was easier to select the object using magnetic lasso tool.