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You should buy some new soil for it, you can buy it ready made in most garden centers. Then carefully take it out of the post, hopefully it is dry, the carefully trim away any of the dead or dried roots. Try and remove as much of the soil as possible from the rooting system before replanting. If the roots are still a little wider than the pot got to the next size up.
There are some very pretty Orchid pots out there now days, they actually have holes in the sides which will help with keeping the orchid in-between a wet and dry state. Plant the orchid and top with new moss on the top, water until you get some absorption in the soil, but never let it sit in standing water, it's better to be somewhat dry than too wet.
Save your fertilizer for the summer season, and try not to get any water on the leaves this will promote brown spots, which will not hurt the plant, just make it look unsightly. Water caught in the folds of the leaves will rot them out as will over-watering.
Orchids are a whole new realm in the plant world, good luck and happy gardening.
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- Thanks all, for the tips. I took it to my local nursery and they said to trim off the dead leaves and repot in new soil. They were hopeful for its future :)