> For the complete documentation index, see [llms.txt](https://guide.gameclub.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guide.gameclub.com/trading/editor.md). # Orders > GameClub operates on a **Central Limit Order Book (CLOB)** model. All trades are matched directly between buyers and sellers at agreed prices, ensuring transparent and fair price discovery. The order book is open and visible to all participants in real time. ### Limit Orders A limit order allows you to set a specific price at which you want to buy or sell shares in a market. Your order will only be filled when the market reaches your specified price. * Set your desired price and quantity * Order remains open until filled or cancelled * Ideal for traders who want more control over their entry price * Unfilled orders can be cancelled at any time from your order history *** ### Market Orders A market order is executed immediately at the best available price in the order book. It is the fastest way to enter or exit a position. * Instantly filled at the current market price * No need to specify a price — just enter the quantity * Best suited for when speed of execution matters more than price precision * Available as long as there is sufficient liquidity in the market {% hint style="info" icon="triangle-exclamation" %} **Warning: Be aware of the spread before placing a market order.** In markets with low liquidity, the spread between the bid and ask price can be significant. {% endhint %} *** ### Order Book The order book displays all active buy and sell orders in real time, giving you a transparent view of current market liquidity and price levels. * **Bid side** — buy orders sorted from highest to lowest price * **Ask side** — sell orders sorted from lowest to highest price * The gap between the highest bid and lowest ask is the **spread** * A deeper order book indicates higher liquidity and tighter spreads --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://guide.gameclub.com/trading/editor.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.