Its very easy to make and the effect looks good... very easy
1.- Open a new document or open your background where you want your image... i will open one new 300*150px with background Black
2.- Then put your text do you want... it have to be white:
3.- ok the go to: Layer > Layer Style > Outer Glow... use this presets:
Im using green but you can change the color
4.- Then Duplicate the layer: Layer > Duplicate Layer
5.- Then to the duplicate layer go to the blending options again and just change the color:
6.- Once you finished change the Fill to 0% in the two layers:
And thats all here is the final Result:
I use Grand Stylus.. Size: 60pt Anti-alasing: Smooth<-- you can find it in: http://www.dafont.com
Example:
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