Trying to make a TEdit/TMemo similar to other search bars or edits on the web

I'm currently busy with my PAT (Practical Assessment Task).

I'm trying to figure out how to make my TMemo similar to search bars on the web.

For example: "|Enter Search or web address"

I want the "|", or vertical bar or whatever you call it, to move to the beginning of the TMemo when I click on it and I want the "Enter Search or web address" to stay there when there is nothing that is typed, but once I type it has to disappear.

I hope this makes sense, because it's really hard to explain. Just look at your usual browser search bar and start typing and you'll see what I mean.