Raster and Vector Layers

You should now have something that looks similar to this (your text may be in a different place)

You'll notice that your text has got lots of boxes around it that are all joined up with a line - this is the vector equivalent of the marching ants - it means that the text is selected.  

Right in the middle you will have 2 little squares - one right in the center and one slightly to the right.  If you aren't happy with where your text is, this is where and how you change it.

Take your cursor up to the square that is right in the center - hover over it.  Your cursor has now changed into a cursor with 4 arrows (one pointing in each direction)... this cursor tells you that if you click on that box, you can move it in all directions - and that's what we want to do... so:

Single left click and hold on the box in the center.  You'll notice that the edges of your text have gone slightly jaggedy - that's OK, it just means that PSP is ready for you to move your text.

To move it, you need to drag it to wherever you want your text to be.  

This is how mine looks now:

Now that we are happy with where our text is, we need to deselect it.  Deselecting something that is a vector object or something that is on a vector layer is just the same as deselecting something on a raster layer, so go to "Selections" and then to "Select none" (or press Ctrl D if you prefer working with keyboard shortcuts)

You should now have something that looks like this: