How do i do it? I can only put hello world and only in a black color. also how do i add fonts?
You can change the text, color and the font in the properties dock (Views -> Views and Toolbars -> Properties)
First use the object selection tool to select the text object, and then change the properties in the dock 
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Cool. now just gotta figure out how to put in other custom fonts.
Tiled relies on the fonts installed on your system, so if you want to choose a custom font you currently have to first install it on your system.
In the future the option to choose a font file directly could be implemented.