Do trackbacks help your ranking?

If you write a post and get a trackback from a high ranking site of relevance, will google see it? Do trackbacks fall under that sames restraint as comments for no follow?

Personally ,occording to my own experience I think it do helps.

Is maybe anyone here who could write some instructions on "How to Use Trackbacks"?
A most confusing subject for most webmasters.
I guess the topic would make the charts!

And yes, i'm quite certain, trackbacks do help.....once one fully understands how to use them....

If you get a trackback from a popular site, you actually get one link from that site too, so it helps.

If you trackback another site, and your blog is linked from it, it gives you some traffic plus the blogger will probably notice your site which can bring more good things.

In general trackbacks do only good if you don't use them as a spam tool, but as a traffic generation/socialize tool

So far, so clear. Now, do trackbacks always contain "/trackback... " And where can one find some literature about trackbacks?
I must have looked out the window for some time when trackbacks came up :-) and to be honest, I.m still confused and could use some more input on this matter! Thanks - I guess a lot of other people too.....

OK, so let me explain trackbacking for our friend samiotis.

Not everyone has this features enabled. If they do, somewhere at the top or borrom of a post page, usually not the main page or a cat page, they have a special link that is a trackback. If when writing a post you embed this link, instead of the link for the deep page, it will alert them that you wrote about them via their comments. If they publish it WHAMMY you have a link to the post you wrote from your site.

For sales bloggers this is great because sales people want sale training and we can all share on views. Now that I know it has juice, yippeee!

Ok, thanks for the clearance. I meanwhile found out that wordpress to wordpress sends trackbacks automatically between blogs, however that might work. I love automation of such processes, who on earth has the time to do all that manually.... Web.2.0 starts giving me a headache; expectations on webmasters grow by the day while clients don't understand a thing about what's going on and are not willing to pay the price.... Semantic search is great for the results/endusers, not so great for us though... any thoughts on that? Or should i maybe ask this in another topic?

This is a great topic for a new post.

Here are some specs for trackback:

http://www.sixapart.com/pronet/docs/trackback_spec

Thanks for the explaination salestrainer and for the link Nik.  I myself have no idea on how to use the trackback feature until I have read this thread.

You are welcome and I am glad that I could actually help someone out for a change.

Yep - Thanks Nikolas - that did explain it!

I am not Nik...he is god, I am a fledgling.

LOL that was funny :)