I think it is already working this way...
This is RED
[color=red]This is RED[/color]
Here are some of the color names:
- aqua
- black
- blue
- brown
- cadetblue
- chocolate
- crimson
- cyan
- darkblue
- darkgreen
- darkgrey
- darkorchid
- darkred
- deepskyblue
- fuchsia
- gold
- gray
- green
- indigo
- lightgrey
- lime
- maroon
- navy
- olive
- orange
- peachpuff
- purple
- red
- seagreen
- silver
- teal
- violet
- white
- yellow
You can find more here:
http://www.w3schools.com/html/html_colornames.asp