Open the Background image and delete the mountains.

Create a layer mask and use

theBrush Tool and begin to delete this area as shown below.

Place the "Cosmos" stock image below Background layer and rasterize holding
(Shift+ALT) and press enter.
Open the "Space Hole" and place it on the cosmos (planet) like in the picture. Press
CTRL+T to transform it and right click and choose flip horizontal>. Now create a
layer mask and use a brush tool to delete unnecessary part (shown in red). Blend
mode is set to Linear Dodge.
Now place "Cosmos1" and repeat the procedure as shown in the previous step with
blend mode Soft Light.
Create a Photo Filter, use a blue color (code #20a0ea) with Density 37%. Opacity
set to 85%.
Now add a Color Balance/Color Lookup and Clipping mask to the background
(Right Click - Clipping mask). Set the Midtones (-28 -24 +36) and the Highlights (-
17 -16 +20). Opacity is set to 85%. Now add Color Lookup and filter set to
"FuturisticBleak" with blend mode Soft Light and opacity 40%.
Place the Children image into your file. Right click on layer and select Blending
Options; check Gradient Overlay with Blend mode Overlay, opacity 47% angle
180 and scale 70%.
Now duplicate children layer (CTRL+J) and press CTRL+U to set the lightness to -
100. Transform it (CTRL+T), flip vertical and hold CTRL to transform and distort the
image. Go toFilter>Blur>Gaussian Blur and set to 4. Opacity is set to 65%. You
can delete some parts of the shadow by creating a layer mask and using the brush
tool.
Learn how to cast shadow in Photoshop from these easy to follow tutorials for
beginners.
Open "Teddy Bear" and use the Quick Selection Tool to make a rough selection.
Press CTRL+SHIFT+I to invert the selection. Now press Quick Mask Mode, use the
brush tool to select precisely the rest. Again press Quick Mask Mode (standard
mode) and CTRL+C to copy. Resterize image and delete some parts where the hand
is.
Another method to create a precise selection in Photoshop is by using the Pen
Tool which is probably the best method to cutout an object/person by removing the
background.
Place the "Tree" stock image and repeat the cast shadow procedure made in the
step1/Part2 with opacity 75% .
Create new Adjustment Layer>Color Balance set clipping mask and use these
setttings: Midtones (-16 -9 +24), Highlihts (-24 -48 0) and Shadow (-3 -15 -7).
Add Photo Filter withClipping mask, filter set to Magenta and Density 45%.
Place "Leaves" and duplicate and rotate with the transform tool (CTRL+T) Add Photo
Filter (Clipping mask On) with filter set to Violet and Destiny 92%.
Place "Birds" and go to Filter>Blur>Motion Blur and set Angle to -31 and Distance
10px.
Add another Birds around the tree.
Place "Buterrlfy" and create a layer mask to delete some parts with the brush tool.
Remove some butterflies. Now duplicate the layer a couple of times like in the
picture.
Add "Flare" andcreate layer mask to delete some parts (red color) using the brush
tool like shown in the preview. Blend mode is set to Screen.
Now we will add some Adjustment Layers to create an intense photo effect with
magical color tones.
 Go to Adjustment Layer>Color Lookup, set to HorrorBlue with opacity 20%
 Go to Adjustment Layer>Photo Filter, color set to 73541f with Density 46%
 Go to Adjustment Layer>Vibrance, Vibrance +12 Saturation 0
 Go to Adjustment Layer>Gradient Map and set first color bluie and second
black. Blend mode set to Soft Light with opacity 15%.
 Go to Adjustment Layer>Gradient Map and choise colors as the picture. Click
on layer mask and use brush tool with opacity 50%. Delete gradient map on
background and children. Blend mode set to Soft Light with opacity 55%.
  Go to Adjustment Layer>Curves, in preset choise Linear Contrast
(RGB).Repeat procedure as in previous step, but only on children use layer
mask.
 Go to Adjustment Layer>Solid Color, seto color code 0051b5 and blend mode
set ot Soft Light with opacity 11%

Press CTRL+SHIFT+ALT+E to merge all layers. Go to Filter>Render>Lighting

Effect. Preset set to Point and intensity 32. Create a layer mask and use the brush
tool with black foreground color; brush on the light source on planet. Blend mode is
set to 55%.
Go to Adjustment Layer>Curves and press CTRL+I to invert. Use the brush tool
with foreground color White. Click on layer mask and Brush on the bottom of the
image.
Press CTRL+SHIFT+ALT+E again to merge all layers. Go to Filter>Oil Paint(The Oil
Paint filter is available only for Photoshop CS6) and make these settings. Opacity is
set to 75%.