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Creating a shiny gradient text is very easy in photoshop. Look at the steps :

1. Start out with a new 400x200 image with a white background. Add the text that you are going to add the effect to using a font that is easily readalbe on the web, such as Arial, Verdana, or Trebuchet MS.

2. Now we are going to start adding some effects. First copy the current text layer by going to Layer > Dupicate Layer and name it Gradient Text Overlay. Now right click on the original text layer and select Blending Options. Use the following settings for a Drop Shadow and a Stroke.

3. Next we need to prepare for the gradient effect to be added. Select the Gradient Text Overlay layer then using the text tool change the font color to white. Then in order to see the layer behind, change the layer's mode to Overlay. Now in order to add effects to this layer, you will need to Rasterize this layer by right-clicking on the layer and selecting Rasterize Layer.

4. Finally we can actually begin making some visual changes. Select the Marquee Tool then in the tool properties bar change the feather to 8-10 pixels. Make a selection on the bottom half of the text as shown below then hit the delete key. Repeat this step on the top quarter of the text.
Gradient text is an effect that you can apply to your text to create some really cool looking text. I have seen your steps regarding shiny gradient text. Have you any any video tutorial of this for creating shiny gradient text?
These all steps which you can share is really great. Some of them which i like the most such as Select the Marquee Tool then in the tool properties bar change the feather to 8-10 pixels. Make a selection on the bottom half of the text as shown below then hit the delete key. Repeat this step on the top quarter of the text.
These steps are very good and easy to understand for creating shiny gradient text in photoshop. I am sure to say that before it I have 't idea about creating shiny gradient text in photoshop. Good and helpful post.
I am giving you some steps to do it.
1. Open a new file.
2. Input text.
3. Apply effects to the text.
3.1 Stroke
3.2 Gradient Overlay
3.3 Inner and Outer Glow
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Excellent topic and from all of above I want to include here with one more method:
Open a new document in PS
Select rounded rectangle tool and set radius to 8px
Draw 600px x 50px rectangle, fill it with solid color
CTRL+Click (PC) the rectangle’s shape vector mask in layer palette to make a selection
Click SHIFT+CTRL+N to create a new layer above the shape layer
Open EDIT menu, select STROKE
In STROKE dialog set stroke width to 1px, color to #ffb2b2 and stroke location to Inside. Click OK. Now you got a pink outline to your bar
Create another new layer
Open stroke dialog again, and this time set color to #c30000 and stroke location to Outside. Click OK. Now we have also an outer stroke on our menu bar
To add glossy shading, click CTRL+Click (PC) the rectangle’s shape vector mask in layer palette to select it (if you deselected it before). then Click M to call a marquee tool
Choose “Subtract from selection”tool and cut off the bottom half of bar selection
Create a new layer right above the shape layer (under stroke layers) and click CTRL+Backspace to fill it with any color
Now add a layer style to newly filled layer (click Fx button at the bottom of the layer palette). Choose Gradient overlay
In gradient overlay dialog set left color stop to #dd3030, and right color stop to #ea8181. Keep gradient linear and it’s direction vertical (90 degrees)
This is really easy and cool step to make gradient text , it could be helpful for me in my site banner. Thanks for sharing this information.
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