I'm using the bookmarks toolbar in Firefox to access websites with a click - or two - of the mouse button. Space is limited there however and I'm using another way to access websites pretty fast without having to enter the full url in the address bar. The feature that I'm using is called keyword in Firefox and nickname in Opera; Don't think Internet Explorer is offering that feature yet.
This obviously only works if you have added the website to the bookmarks in either Firefox or Opera. When doing so you can add a keyword or nickname for that url which in turn makes it possible to access the website by typing in that keyword in the address bar.
Instead of accessing the website http://www.windows7news.com/ I simply type w7 and hit enter. The website loads just fine. Now, I do not recommend to add keywords for every bookmark that you have. This would surely lead to problems remembering the keywords for those urls unless you have a photographic memory.
I have about ten keywords for domains that I access regularly to speed up access. I do not add keywords for very short urls like cnn.com for instance but everything with 5+ chars makes sense. (it's enough to enter cnn for cnn to enter the website in Firefox because Firefox will automatically load the first website in the Google results if no matching keyword was found.
To add keywords to bookmarks in Firefox click on the Firefox button and select bookmarks > show all bookmarks or use the shortcut Ctrl-Shift-b instead. You need to select a bookmark and click on the more link afterwards to display the keyword field here.
In Opera, you click on the Opera button and then on Bookmarks > manage bookmarks. Right-click a bookmark and select properties from the context menu. Here you find the nickname field that you can use to add your own personal keyword to the bookmark.
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