Personally I use a Chrome extension Create Link (for Firefox users there is Make Link :: Add-ons for Firefox).
Create Link (Chrome) is based on Make Link and operates the same way.Make Link website wrote:Make Link is an extension for Mozilla Firefox which adds a context menu item (Make Link) which allows the user to easily copy links to the clipboard in HTML, forum-code or simple "text (URL)" format.
Create Link only provides for plain text and HTML links out of the box so add a BBCode option using this syntax: [url=%url%]%htmlEscapedText%[/url] (tip of the hat to Bylo).
The neat thing about these tools is they can be used to create a link from any website that you'd like to include in a forum post.
Since I don't use IE unless absolutely necessary, I don't know if an equivalent add-on/extension exists.