psyclone, here is how you can do this,
http://www.imperialshipyards.net/SMF/index.php?topic=1192.0;topicseenabove, you see a normal unaltered hyperlink after the posting of this entry. It looks different as you are writing the post. Now if you make these alterations you will have a colored hyperlink with the text and color of your choosing.
When writing your post, use the hyperlink insertion control at the top of the page you are posting in, insert your link as usual, then make these alterations.
first, remove the second bracket "]" after the first "url" and replace it with "="
Now, put that bracket "]"in front of the first bracket in front of the second url
Now, after that"]" bracket you just placed, put this, "[ color=blue ]"
then I will name the link "hyperlink suggestion"
now, type this "[/ color ]"
the quotes are to be ignored except for explanation purposes. the space on either side of the brackets to the code arnt supposed to be there but I placed them there so that you could see the code.
If you have done it right, it should look and work like this.
hyperlink suggestion