Professional Logo Design

Create a new file (File>New) that must have 1024x768 px and 72 dpi.

Apply for this layer the next parameters (making a mouse click on the layer on the layers' panel). Fill 0% on the layer Blending Options>Gradient Overlay

Gradient's parameters:

Choose next the Ellipse Tool (U) to represent a circle colored with #6AA1EA

The layer's parameters: Fill 10%

Blending mode-Overlay

Blending Options>Inner Shadow

Create a new layer (Create new layer) and select on it the Brush Tool (B) with blurred edges and the color #466899

The layer's parameters: Fill 24%

Select the previous instrument to represent one more circle:

The layer's parameters: Fill 0%

Blending Options>Inner Shadow

Make a copy of the last made layer and select the Free Transform option to make the copy smaller and to apply for the copy different parameters: Blending Options>Inner Shadow

Create new layer and paint the layer in black color, selecting the Paint Bucket Tool (G) for this operation:

Choose on this layer the Brush Tool (B) with blurred edges and white color and make a mouse double click to get the same result as it is shown the next picture:

Apply for the last layer the next option which must be selected twice: Filter>Stylize>Extrude

Using the Free Transform option, it's possible to lift up a little the layer:

Apply the next parameters for the layer: Fill 50%

Blending mode-Color Dodge

Next step includes choosing once again the Ellipse Tool (U) to represent another circle:

The layer's parameters: Blending Options>Outer Glow

Blending Options>Inner Glow

Blending Options>Gradient Overlay

Gradient's parameters:

Choose the Custom Shape Tool (U) to select out of the next table the appropriate pattern:

The layer's parameters: Blending Options>Drop Shadow

Blending Options>Outer Glow

Blending Options>Bevel and Emboss

Blending Options>Satin

Blending Options>Gradient Overlay

Gradient's parameters:

Next we need to create another layer (Create new layer) and select after that the Ellipse Tool (U) to picture firstly a circle of white color and then press Alt button to erase the unnecessary elements:

Apply the next parameters: Fill 5%

Create new layer and select again the Brush Tool (B) with blurred edges to represent two white patches, each of them presented on a different layer as it is shown on the next picture:

Apply the Free Transform option on each patch for stretching it out and turn them over as it is demonstrated below:

Click to enlarge

The final result!