This is how the final result will look

1) Make a new document doesn't really matter what size just big enough to put a
big piece of text in. The colour used is #F39D07

2) Now following is Drop Shadow use the following settings.

3) Next up is the Inner Shadow

4) Outer Glow with a 100% white colour

5) Bevel and Emboss with a standard contour

6) And at last you apply a white Stroke to it

Playing around with the settings will result in some other cool effects