Right-click on the T tool to show the hidden tools
From the drop-down menu select Horizontal Type Tool
Type a preferred text. Please note; determine what it is you want to write. You will need to be 100% sure about this because you will not be able to change it after this step. Check your diction and spelling before moving on.
In the Layers Panel, locate an right-click on the text layer
From the drop-down menu select the option, Convert to Shape. The text tool in Photoshop is relatively limited. So in order to transform your type freely you'll need to convert it into a shape.
You can see now that the text has turned into a shape, you are able to edit the letters individually.
Select the arrow tool from the tools panel and while holding down the CMD key on the keyboard, select the points on the shape and move them.