Can I use arrow keys?
The version of Swype pre-loaded on most Gingerbread Galaxy S's does have arrow keys built in.

Swipe your finger across from the Swype button in the bottom left corner of the keyboard to the SYM button alongside it, and you should see the cursor control screen instead.





Just tap the ABC button to get back to the normal keyboard.

(the other useful extra keyboard you can get is a proper num pad by swiping from the Swype key to the F key in middle of the keyboard).