1) Create the Background
Go to FILE > NEW and create a new 1200px x 500px document.
2) Create the new gradient using the settings in image below and click on the NEW button and give it a recognizable name.
3)Start (point 1) the gradient at the very top left corner of the image and release the mouse (point 2).
You should get a result similar to this one:
4)Create a layer for each character of the word.
5)Then choose GRADIENT OVERLAY from the Layer Effects popup menu.
6)DON´T press OK yet. Remember to use the new gradient we have already created some steps before:
7)Now click on the DROP SHADOW Layer Effect and use the following settings.
8)Click on the STYLES option on the top of the window and then click on the NEW STYLE button and give it a name. Now you can press OK to close the LAYER STYLES window.
9)To apply the new style to each letter you must select a layer (1) and then click on the new style on located on the STYLES PALETTE (2).
10)Repeat the same for each letter. You will end up with something like this:
11)Go to the LAYERS PALETTE, select the layer with the letter R and click on the tiny arrow at the right (1). This will display all the Layer Effects of the text layer. Double click on the GRADIENT OVERLAY effect (2).
12)Move the LAYER STYLE window.
13)Select the last layer, click on the ADJUSTMENT LAYER icon and select SOLID COLOR and a new color fill layer will be created.
14)Choose a color. Any color you want.
15)After that, go to the LAYERS PALETTE and from the BLENDING MODES pull down menu (1), select SOFT LIGHT (2).
Finally! Here´s the finished Photoshop Text Effect.=]
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