Highlite what you typed (or a section thereof).
Go up to font color where it says "Default"
Click there, pick a color. It adds the codes for color. (Like this - click "quote" to see inserted code)
Same with the bold stuff - Highlight the text and click "bold", and it will work thusly. Easy.
You can combine them as long as you follow the "type, highlite, click" method, do the code-end strokes are in the right order. >giggles<