setcolor works on a 6 digit number RRGGBB
r for red
g for green
B for blue
the higher the value in hex 0-9 and a-f the more of that color
goto http://www.ficml.org/jemimap/style/color/wheel.html
for the color wheel
you type this into the text bar (were you type what you want to say).
/setcolor then that code
use [s to do bolding and italics and color
use [s to do [b]bolding[/b] and [i]italics[/i] and [color=red ] color [/color]