The motor has three leads, the speed controller has three leads on one end, that attach, in any order. If the motor spins the wrong way, swap any two of the three leads. The other end of the speed controller has two leads for the power supply, probably colored red and black. Generally batteries (NiCd, NiMh or LiPo are used for power) A third lead will be there that has the ability to be plugged into a receiver. No receiver is necessary, plug it into this....

http://www.hobby-lobby.com/testequip...QueryId=614350

This brand is not the only one, I use it only for reference. This device, when power leads are hooked up, can be turned as a dial to throttle your motor. Although the device has a power input plug, none is necessary as the speed controller supplies power through the throttle lead. (Most do, the one shown does )

The type of speed controller you need is here...

http://www.hobby-lobby.com/black_12_...QueryId=614378

Again, this is not the only one, any brushless speed controller will work. Your setup, at least from the motor you've selected will use rather low voltage, 8-12V. RC'ers typically use LiPo's for such a setup, two or three cell. The speed controller and motor are sensitive to voltage (and current), so if you're going to use a power supply be aware and don't exceed the speed controller or motor limit which will be printed on it. It will only draw the current it needs and you should have no problem there. This motor, unloaded will be spinning very fast other than at VERY low throttle settings. Loaded, depending on load, it will draw more current.