One of my friend is interested in buying "Poker tracker"...have anyone used this? suggestions in this regard would be appreciated.

I have never even heard of this. Is it an online program dealing with poker? Not quite sure what it is...

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Trackers usually tracks session data from yoour games and present them in different ways to you. From that data you can analyze the games.

It usually helps to understand your mistakes and to make sure you won't repeat them. As for me, I don't like this kind of programs, because sometimes I do stupid mistakes which I'm not willing to analize later.