Step 3: Add An Outer and Inner Shadow To The Text Using The "Outer Glow" and "Inner Glow" Layer Style

Next, we're going to give our text more of a three-dimensional look by adding an outer/inner shadow. To do that, click on the words Outer/Inner Glow in the list of Layer Styles on the left of the Layer Style dialog box. Make sure you click directly on the words. Don't simply click inside the checkbox because all that will do is turn on the effect. We want access to the effect's options, and for that, you need to click on the name itself. You can use setting as shown in figure below for Outer Glow and Inner Glow effect.