1. Ok first Open a new Document 400*400 The background can be White or Transparent
2. Then put the text do you want In White <-- It have to be White!!
3. Then Rasterize Layer: Layer > Rasterize > Type..
4. Next go to Layer > Layer Style > Blending Options
And use the next presets:
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Use the colors of Highlight mode and Shadow mode the same as your background, or colors you want, they don't have to be the same
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Use the same colors you have used before for the Gradient in the Stroke
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Then Is finished. I use Fontdiner.com Loungy <-- you can download it in: dafont.com
This is a final Result with an Image and Background:
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More Tutorials: 
