If you want to learn to create text effects with Photoshop then you should read this article where I list some great tutorials.
On this article I list 20 great Photoshop text effect tutorials that you should try to improve your skills. Several tutorials are a bit older but still great and all you need is Photoshop. There are 2 or 3 tutorials that are only for Photoshop CS5 but all the others are compatible with older Photoshop versions.
Dramatic Text on Fire Effect in Photoshop
Papercraft Text Effect
Glossy Snow Globe Text Effect
Cool Dots Text Effect
Great Gooey Photoshop Text Tutorial
Create A Scrapbook Alphabet
Learn to Create Party Text Effect
Chocolate Bar Text Effect
Learn to Create Stuffed Text Effect
Icey Styles in Photoshop
Create “Cool” Typography Using Paths in Photoshop
Moon Shine Text Effect
Create a realistic folded paper text in Photoshop
How to Create Suspended Text Effect
Super Cool Frilly Bits Typography
Creating a Typographic Wallpaper
Furry Text Photoshop Tutorial
Lost in Space Typography in Photoshop
3D skyscraper text effect in Photoshop CS5
Colorful Plexi Text Effect using Photoshop
