We'll begin this tutorial, by creating a new canvas with a size of 220 x 120 pixels for an easier workspace. Make sure the foreground is black, then go ahead and choose the "Rounded Rectangle Tool" and draw a button with a radius of 5 pixels like shown below.
Now that you have your button, you can now right click on the button layer and select, "Blending Options...". Now click on "Drop Shadow ".
Do not click OK yet... still more to do.
Now click on "Inner Shadow".
Do not click OK yet... still more to do.
Now click on the "Outer Glow".
Do not click OK yet... still more to do.
Now click on "Bevel and Emboss".
Do not click OK yet... still more to do.
Now click on "Contour".
Do not click OK yet... still more to do.
Now click on "Color Overlay".
Do not click OK yet... still more to do.
Now click on the "Gradient Overlay ".
Do not click OK yet... still more to do.
Now click on the "Stroke".
You may now click OK
The results are as following. All that is left is for some type.
The Results!!!
Examples
More Tutorials: 
