Unlike most of the selection tools, the Quick Selection tool just has three buttons (most have four). Left to right, they are;
New Selection - Click to cancel existing selection and create a new selection
Add to Selection - Add to any existing selection. This is the button you will use the most. See below for my recommended correct method to use this tool.   
Subtract from Selection - Remove from existing selections
The one that's missing is Intersect with Selection - which is the one least used with the other tools.

Set Brush Hardness to 100%. This setting is essential to using the tool accurately. This is the setting that many people miss and they then complain about the tool not being that good.

It's unusual to set a brush hardness at 100%. When using most brushes, you don't want to set Hardness to 100%, as using a lower percentage increases the chances of blending your work in, unnoticed. However, with this tool, you are not painting, you are looking to accurately select various objects.

When the hardness is 100% you can confidently click right up to the edge of an object. If hardness was less than 100% and you click up to an edge, you may also be selecting areas you don't want. With this tool, if you select areas that you don't want, that will guarantee innacuracy.

This changes the brush angle. I've never found this useful, so you can ignore this.

Choose whether you make a selection based on the content of all visible layers, or just the selected layer.

This will improve the smoothness and quality of the edges in your selection. I suggest you leave this turned on.

Choose whether you want the processing to take place on your device, which Adobe says is quicker, or in the Cloud, which Adobe says provides more detail.

Select and Mask is available on the Options Bar of most of the selection tools. It is also available from the menu: Select > Select and Mask...

Select and Mask is a very powerful tool that allows you to improve selections or layer masks. It comprises of several tools itself. It's such a a large and important subject that it has it's own dedicated tutorial.

This is such a large subject and essential skill for anyone using selections and layer masks in Photoshop.

Read the Select and Mask tutorial here [insert link].

This is a simple tool to use and if used in the correct way, it is very accurate and allows you to create quality selections. However it's easy to use this tool wrongly and then many people are disappointed with it and think it's not as good as they expected. I've seen students in the classroom make many mistakes.

For very simple subjects you may just need to Object Select tool, but if that doesn't give a perfect selection then use this tool.

This tool is slower to work with than the Object Select tool, but it will provide a better quality selection.

Select the Add to Selection button. This is the middle button.

Adjust the brush size with the square bracket keys [ ]. Click within the object you wish to select. You can also click and drag. Make absolutely sure that you do not accidentally click outside the object. The tool learns what you want and what you don't want to select. If you click outside the object, you will be training the tool with the wrong information and won't achieve a perfect selection.

In this image you can see where I've clicked and the area that is automatically selected. You can click and drag, but to make things clear in this tutorial, I'm just making single clicks.

The image shows where I made my next click and the area it selected. Again, make absolutely sure that you do not accidentally click outside the object.

The image shows where I made my next click and the area it selected. Again, make absolutely sure that you do not accidentally click outside the object.

I've made the brush smaller with the left square bracket key [ and carefully clicked on the neck of the guitar, making sure that I don't click outside the object.

A final click on the neck of the guitar completes the selection.

The example above, on a simple object, was straightforward, provided you don't accidentally select outside the object. Many objects are not that simple and require Adding to the selection and also Subtracting from the selection.

This example starts with the Object Select tool, because it's a lot quicker than the Quick Selection tool and it does a good job of selecting the large tyre. But the selection then needs refining with the Quick Select tool.

When selecting parts of an object you want, you will often also select parts that you don't want. The intuitive thing is then to undo. Don't Undo. What you need to do instead is select the Subtract button and click, or click and drag carefully, over the areas that you don't want. In this way you are training the tool. If you simply undo, the next selection will include the same unwanted areas.

By moving the cursor over the tyres, the Object Select tool selects all the tyres. But we want to just select the large tyre.

So instead of clicking on the large tyre, I've drawn a selection around it, with the Object Select tool.

The large tyre is now selected. We will have to remove the area in the centre of the tyre and there are also a few small areas that need .

With the Quick Selection tool sized appropriately, I've selected the Subtract from Selection button.

Tip Instead of selecting the different buttons, when Add to Selection is selected, press and hold the Alt key on the keyboard to switch the tool to Subtract from Selection. When Adding, you will see a small + in the brush. When holding the Alt key and subtracting, you will see a small - in brush.

Then I clicked in the centre area, being careful not to let the brush touch the tyre.

With the Quick Selection tool sized appropriately, I've selected the Subtract from Selection button (3rd button).

Then I clicked in the centre area, being careful not to let the brush touch the tyre.

Zoom in and inspect the selection. Here, there is a small area that needs tidying up. If you miss the small things like this, it can completely spoil the end result.

Note the - (minus) in the centre of the brush, to subtract.

While clicking to remove, in the previous step, because the there are very similar tones next to this area, a little too much has been subtracted. Switch back to Add to selection (note the + (plus) in the centre of the brush.

This is typical when working on similar tone areas. Don't undo, but subtract what you don't want and add what you do want. The tool learns.

If you are careful to only click on the correct areas, what you do and don't want, with the add and subtract options, you will end up with a good quality selection.

There is also an area at the bottom of the tyre that needs to be added.

But when adding, an area that you don't want is also selected. That's ok. Just be patient and again switch to subtract (press and hold the Alt key).

Now our selection is done.

To clearly show the selection, I've added a layer mask.