<a href="pagetwo.html">(read)</a>

And

<a href="pageone.html">Back</a>

You mean like that?
If you want to move to the exact part of a website then use <a name="">
Like this:

<a name="one"><a href="pagetwo.html">(read)</a></a>

And

<a href="pageone.html#one">Back</a>

Hope that helps.