In this example you will learn a simple way to make a 3D reflection text effect, It has very simple steps to make it easy for the beginners so follow now.
Take a gradient background file as I have here.
Text: Choose Horizontal type tool (T key) and make formatting then write text as given below.
Drop shadow: Go to Layer menu > Layer style > Drop Shadow and use same settings as given below.
You should have similar as here.
Reflection: Press Ctrl + T and right click then choose "Flip Vertical" and decrease size as given below.
Layer settings: Select duplicate "text layer" and make settings as given below.
It is your done here.
Recommend the tutorial