Hi all, I'm quite new to the share market and am trying to get an understanding of the order in which trades are executed - hope someone can help 
Specifically, I have a few basic questions that would help me make sense of things:
1) Would a market order to buy a stock be executed more or less immediately, so long as there is seller (and vice-versa)?
2) When looking at the market depth that shows all the buy and sell orders that are outstanding, is it correct that all of these orders will be limit orders? And that no market orders would show since they get executed right away?
3) Let's say that share XYZ is trading at $5.00. After close of market, if I place a limit order to BUY with the limit being $10.00 (or some other ridiculous limit price that would be pretty much guaranteed to be matched with a seller) would my order rank higher (i.e. be executed sooner) than someone who places a market order as soon as the market opens?
Thanks in advance!
Joe
Specifically, I have a few basic questions that would help me make sense of things:1) Would a market order to buy a stock be executed more or less immediately, so long as there is seller (and vice-versa)?
2) When looking at the market depth that shows all the buy and sell orders that are outstanding, is it correct that all of these orders will be limit orders? And that no market orders would show since they get executed right away?
3) Let's say that share XYZ is trading at $5.00. After close of market, if I place a limit order to BUY with the limit being $10.00 (or some other ridiculous limit price that would be pretty much guaranteed to be matched with a seller) would my order rank higher (i.e. be executed sooner) than someone who places a market order as soon as the market opens?
Thanks in advance!
Joe
