To cut letters, you would need to draw the letters. Yo can either do this by hand, or you can use FontGEN:
Which will generate the lettering as a drawing file for you. Once generated you can use Insert/Read to add the CAM to an existing drawing, or open it up as normal for adding the rest of your sign.
FastCAM 7 :
Please note, the Add Text in FastCAM does not operate this way, it will only add a stick font for marking, as it is designed for quick marking of parts.
Hope this helps!
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