In text editors i like to use hotkeys: ctrl+arrow, ctrl+shift+arrow, ctrl+shift+(end|home).
Is any way to do this in console?
Im using /bin/bash, I know it was many other shells, but I know about they nothing.
By default, your bash could support Alt+F for Forward and Alt+B for Backward. Selection can be started by pressing Ctrl+Space (or, at least, that's the default in some of the distributions).