How to connect laser module to cnc sheild v3.0

Vcc to 12v external power +
and
GND to external power -
Then
PWM is connect to D11 pin of arduino

Is this correct?

Yes. Plus Arduino ground to external power ground.

Im sorry i can't understand about the ttl and pwm

Think of it like this. They are not two things but PWM is a way of using a TTL signal.
TTL is a signal an Arduino output, PWM is something you do to that signal.

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