How do I create my own cheats?

[LunaMoo]

Nope, but ppsspp has lots of debugging features thanks to which you can make way cooler cheats and patches than "cheat making" features of those other emulators;p. Just need to know mips asm and a bit about how games work ~ or have access to internet to learn all of it through google or any other search engine.

You can also use a third party tools like Cheat Engine to find variables to patch althrough you will not be able to make any fun cheats without a bit of asm experience.

If you need a more detailed read I wrote some basics with different ways to get psp address from CE and other stuff replying to this thread.
If you create any cheat doesn't matter if you use disassembly or CE, you will also need to google for "CWC code types" to understand how to format your codes into cwcheats.