In this tutorial I will show you guys how to do this:
The best part about it, is that it is done using no more than 1 layer . You better believe it!
Start by typing out any word you want using the Type Tool. I used a round thick looking font for this tutorial. Once the word is typed out – simply go over to the layers panel and double click on this layer. Or right click over it and select “Blending Options” . This will open the “Layer Style” window.
First Select/check “Drop Shadow” and use the following values :
Now select/check “Gradient Overlay” make sure the Style is on linear and the other values are like this:
Now click on the Gradient bar in the middle – this will pop up another window so we can edit the colors for the gradient.
We want to use 3 colors. As shown in this screen-shot below:
To add a “color square” just click anywhere below the gradient bar.
To remove it, just drag it downwards!
To change its color – click on it and than the color will show up below in the “Stops” area where you can change the color there.
Now to finish it off….
Select/check “Stroke” and enter the following values :
now you can click “OK”
and you are done! Awesome effect in 1 layer!