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Step 1
Create a new document sized 1000 x 600px. Fill the background with the following gradient:

Duplicate the background layer once, resize and rotate the duplicated layer, use a big soft brush to erase the left and right side, and position it as shown below:

We now have a reasonably good-looking background to work on. Personally I feel sometimes a nice background help creating the mood we need to continue working on the graphic.

Step 2
Create a new layer named “circle”, grab the “Ellipse Tool” from the toolbox:

Make sure your setting is set to below: (white fill color)