I received a request from one of my readers to put up posts for editing images in Photoshop. I decided it was not a bad idea after all, so I'm posting some of the tricks I learned from my many years of self-exploration and online instruction.
This tutorial is taken from http://pstutorialsblog.com/81/reflection-tutorial/.
Let's start off with mirror reflections. Tech gadgets around the worldwide web have often been shown in advertisements as reflecting a smooth and liquid reflection. This is really one of the easiest effects to do with Photoshop, but the end result will leave others amazed with your creation.
The first step is to duplicate our text layer. You can do that by simply pressing Ctrl+J or by going to Layer -> Duplicate Layer.
Now, select the Move Tool (V) and drag the duplicate layer below the original one like in the screenshot below.
(You can also add a bit of perspective to the reflection layer by transforming it (Edit->Transform->Perspective) if you want.
The next step is to add a layer mask to the duplicate layer. To do this simply click on the add layer mask button in the layers palette.
Now pick the Gradient Tool and draw a gradient (black to white) in the direction that the arrow is showing in the screenshot below. (Hold Shift while you draw the gradient)
You should now have something like this.
Finally just reduce the opacity of the duplicate layer and you are all done. I reduced the opacity to 35% and here is my final result.
There is no golden rule about the opacity % , just play with the opacity setting until you get your desired result.