In the console, you can print "\b"to erase the character to the left of the cursor (backspace) like this
"\b"
print "the last char is going to be erased\b" # the last char is going to be erased
How easy is it to move one position to the left instead of erasing (left arrow)?
It depends on the type of terminal and connection, but you can usually assume the ANSI cursor is moving, so the cursor left is ESC + '[' + 'D':
print "The cursor should be here:> <\e[D\e[D" readline
See http://ascii-table.com/ansi-escape-sequences.php for details .