Graphics Design-Photoshop- How to Create Soft Text

Step 1 - Setting up the Text
First create a new document. I created a 328x85px document and filled ( Edit > Fill) the background with color Hex #4e4e4e.
Step 2- Type Text
Using the Horizontal Type Tool, write some text. The text I created uses the font "Ariel Black" at a size of 72pt and with a color of white ( Hex #ffffff ).

Step 3- Inner Shadow
Click Layer > Layer Style > Blending Options
Please Set following Fig1

fig1

Step 4- Outer Glow
Please Set following Fig2

fig2

Step 5- Inner Glow
Please Set following Fig3

fig3

Step 5- Gradient Overlay
Please Set following Fig4

fig4

Step 5- Satin
Please Set following Fig5

fig5
To save the style for future design please follow the step:
Click Layer > Layer Style > Blending Options > New Style > Name: 3d Text >Ok

Done!