With this tutorial I am going to show you a way to create a speeding text effect like this one
1) Let’s start by creating a new file. Select the “Type Tool”, make sure the color of the text is set to white and type your text.
2) We are now going to duplicate our text leayer. Go to “Layer” -> “Duplicate Layer” (Or hit “Ctrl-J”)
3) You should now have two text layers, select the bottom one and go to “Filter” -> “Stylize” -> “Wind”. A message will come up saying that the layer needs to be rasterized to apply the filter, click ok and continue. Leave the method to “Wind” and the direction from the right.
4) Repeat the previous step 3-4 times (hit Ctrl-F) until you have something like this