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A function \\(f\\in C[-1, 1]\\cap C^ r(- 1,1)\\) is said to be in the class \\(B^ r\\), if \\(\\sup_{0< x< 1} |(1- x^ 2)^{r/2} f^{(r)}(x)|< \\infty\\). Let \\(\\varphi(x):= \\sqrt{1- x^ 2}\\) and define for \\(k\\geq 1\\), the weighted Ditzian-Totik modulus of smoothness of \\(f\\) by  \\[ \\omega^ k_{\\varphi, r}(f, t):= \\sup_{0< h\\leq r} \\|(1- kh\\varphi(x)/2- x)^{r/2} (1- kh\\varphi(x)/2- x)^{r/2} \\Delta^ k_{h\\varphi(z)}(f, \\cdot)\\|, \\]  where \\(\\Delta^ k_{h\\varphi(x)}\\) is the familiar non-uniform difference. Denote by \\(E^{(1)}_ n (f)\\), and \\(E^{(2)}_ n (f)\\), the degrees of monotone and convex approximation by polynomials, respectively. Then the paper is devoted into proving the following significant results:   Theorem 1. For \\(k\\geq 1\\) and \\(r\\geq 3\\), there exists a constant \\(C= C(r, k)\\), such that if \\(f\\in B^ r\\) is nondecreasing, then for every \\(n\\geq r+ k-1\\),  \\[ E^{(1)}_ n (f)\\leq Cn^{-r} \\omega^ k_{\\varphi, r}(f^{(r)}, 1/n). \\]  Theorem 2. For \\(k\\geq 1\\) and \\(r\\geq 5\\), there exists a constant \\(C= C(r, k)\\), such that if \\(f\\in B^ r\\) is convex, then for every \\(n\\geq r+ k- 1\\),  \\[ E^{(2)}_ n (f)\\leq Cn^{-r} \\omega^ k_{\\varphi, r} (f^{(r)}, 1/n). \\]  It is known that when \\(r< 3\\), in the monotone case, and when \\(r< 5\\) in the convex case, estimates like the above are usually impossible to obtain. 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