解:$(1)$∵$|-\frac {7}{12}|=\frac {7}{12}$,$|-\frac {5}{6}|=\frac {5}{6}$,$\frac {7}{12}<\frac {5}{6}$,∴$-\frac {7}{12}>-\frac {5}{6}$
$(2)$∵$|-\frac {3}{11}|=\frac {3}{11}$,$|-0.3|=0.3=\frac {3}{10}$,$\frac {3}{11}<\frac {3}{10}$,∴$-\frac {3}{11}>-0.3$
$(3)$∵$|-\frac {4}{9}|=\frac {4}{9}$,$|-\frac {3}{7}|=\frac {3}{7}$,$\frac {4}{9}>\frac {3}{7}$,∴$-\frac {4}{9}<-\frac {3}{7}$