This is a really fast way to make outlined text. Start with a new image. Grab your text tool and type your text.
Next go to Layer/effects/outer glow and use the setting that I have in the picture.
That's it. It doesn't get much easier than that. And I like using this method because it fills in all of the gaps in the letters. Like the inside of the "e" and the "o". If you are using smaller type just decrease the amount of blur and intensity.