Matrix Effect

Step1:Press "D" on your keyboard to set the background swacth with black. Press the letter "X" to swap swacthes. Hold down the apple key, and press delete,

Step2:Type your text. Hold down the control key and click on the text layer. Choose Rasterize.

Step3:Make a duplicate of your rasterized layer. Go under the filter menue, under blur, choose Motion Blur. When the dialog box appears set the angle to 0*, and increase tthe distance of the blur to 39 pixels. Click ok.

Step4:Make a duplicate of your original rasterized layer. Go under the filter menue, under blur, and choose Motion Blur. When the dialog box appears, set the angle to 90*, and the distance of Blur 80 pixels. Click OK.