.
.
.

Some people have complained that the Galaxy S line of phones does not have any sort of trackball or trackpad to accurately place the cursor. This really isn't needed if you know how to do get to the directional pad on the default Samsung keyboard. But oh, what's that? You use Swype? Well don't worry, because it works for Swype too:

Hit up our Galaxy S Tips & Tricks article and scroll to the bottom for full info on how to do it.
Where is it?