Step 1 Create a new document, use a white background and the text white (Yes white) Now write your name or anything else.
Step 2 Now go into your blending options view and use the default settings for Drop shadow
Step 3 Still in the blending options area, select inner glow and enter these settings;
QUOTE
Color: #FF9000
In the Elements heading:
Technique : Softer
Source : Edge
Choke : 0%
Size : 10px
Step 4 Go into the inner shadow section and use these settings;
QUOTE
Blend Mode : Normal
Color : FFFFFF
Distance : 4px
Size : 1px
Step 5 Now go into the gradient overlay section and use these settings;
QUOTE
Gradient : Select the bottom left pointer and change the color to this; #FF4E00
Step 6 Now go into the stroke options to finish this effect off;
QUOTE
Size: 1 pixel
Color: #CB5100
THE END
That's it all, this is nice basic simple text for sigs/banners or anything else you can think of, here's what i got.
More Tutorials: 
