Three Types of Stock Trade Orders

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Describe the difference among the following three types of orders; market, limit and stop loss. Provide examples of each in your own words
According to Milton (2020), market order refers to using the current price to purchase or sell despite the level of the value in the market. It is immediately executed in an active market but not at a price intended by a trader. For instance, when a trader places a market order to purchase some goods while the price is at $50, but within a short time, the price escalates to $55 when another market order is placed, implying that more prices will now be paid by a trader who places an order.
Limit order refers to an order to purchase or sell goods at a specified price or better price (Milton, 2020). Fulfilling a limit order is not a guarantee because it relies on the market movements and where the dealer establishes the limit value. They are utilized when one is sure they are getting a suitable price and don't care about risking the order as long as they get it better. For instance, if a limit order is placed for $100, it implies that the order can only be fulfilled if the goods are sold at $100 or less. Therefore the execution cannot occur if the goods cannot be sold at $100 or less.
Finally, stop order refers to buying and selling goods at the best available price only when a specified price is attained in the market to prevent losses. It is done by setting prices in the opposite direction. For instance, if someone's current goods price is at $60, one can place a stop order at $45. When the goods' prices reduce to $45 or less, the stop order will be sold as a market order, thus selling the goods at the best price available. If ...