Borders or bindings?
Not that it matters. But tools aren't really necessary.
Just really, really having a good understanding of the technique (all the steps).
Fabulous videos from a master - Sharon Schamber.
Binding (Part 1 of 3) :
http://www.youtube.com/watch?v=4PE0Yq9iGlc
And mitered borders (Part 1 of 2):
http://www.youtube.com/watch?v=zAAa66kJRr0
Now, I'll admit I don't do all that when I miter borders, but pay attention to what she's saying about where things HAVE to match up before sewing, and why she does what she does in prep steps, so you can at least take from it the important points.