I look at a color and break it down to the basic color wheel, that's Orange. I know it's not true orange, it might have some red in it or yellow, but in my head it's Orange and I can go from there. Everyone looks at color a different way. Look at nature, you see all colors mixed up with excellent results. Take the time to really look at an object and pick out all the colors in it, very few things are one solid color.
This peach is light yellow/orange at the top with white highlights moving down to red/orange with purple highlights. All these colors mixed together would make a beautiful fabric. It my opinion.
Or sometimes we get lucky and find a beautiful skein of yarn. The peach was excellent also.