1. First, Open a new canvas, any size, it does not matter, you can also use this on web layouts. 2. Select a pixel font, i am going to use Visitor which you can download at dafont.com, now type anything, make sure the colour of the text is #7b7b7b, this is a dark grey colour, you can also use black but it doesnt suit my background colour. 3. Duplicate the text layer, and change the colour to white on the duplicated text layer, now move the white text duplicate underneath the real grey text layer. 4. Select the move tool or if you like to use shortcuts press V on your keyboard. 5. now this step involves using the arrow keys. press the down arrow key, then press the right arrow key, just once, and there you have your inset pixel text! My Result:
