Red Text Fx


1) Open a new document 500 X 500 white background. Type any word you like with balck color.

 
2) Bevel settings.
 
3) Contour settings.
 
4) Stroke settings.
 
5) Drop Shadow settings.
 
6) To add the following effect just select the layer of your type and contract it
by 3 to 6 pixel than just follow
the red text tutorial
here.