How to build circle text in Photoshop?

Well there are several tricks to do that. The easiest way I have chosen it will allow you to do that in just two clicks.

So here we go:

Step 1:

Select ‘Elipse tools (U)‘ on the left menu

then from top menu select ‘Paths‘ icon middle icon) as in the screen shot below:

Step 2:

Click on Horizontal (in my example)  ‘Text Tool (T) on the left hand side menu.

The clik on the thin circle line you have just drown (you will notice your coursor is in the right position becouse it will change from standart one to something like shown on screen below:

and then just start typing, as shown below:

The effect: