I use Photoshop CS2.
I think they are pretty similar, so it won't be a real problem to help.
So, you want to know a little more about the text effects and the border effects as well, don't you ?
First, choose the police you wanna use and write the text (it doesn't matter where you write, you can move it as you want). (You can also write your text first, select it, and change the police, it will be the same result.) Perhaps you want more polices ? You can download some there : Click :D
Then, at the right of the software, click on the "Styles" section, and choose the one you want to apply to your text. You can also click on "Layer" (above your work plan) and play with the "Bevel and Emboss" section. (Just in the case where you'd like to add some relief to the text if there isn't any yet with the style you chose before.)
Next, the borders : Same here, click on "Layer" and use "Outer glow" or "Inner glow" according to what you want.
Well, I think you'll be able to do the rest by yourself. You just have to be curious. ;]
You can set a lot of things according to your wishes, and don't hesitate to test everything !
Hope I helped you. If you have any questions, or if you need more help, you can ask meh.
~Sorry if I hadn't been a great help, I'm French, so my software use this language as well. I tried to be the most clear possible.