Electric field and magnetic field
 

Electromagnetism is one of the most misinterpreted phenomena in modern physics. We teach our children that "oscillating magnetic field causes an oscillating electric field, which then causes another oscillating magnetic field". This concept led Maxwell to develop his electromagnetic wave theory of light. The theory says that, light has both electric and magnetic field components which oscillate in phase perpendicular to each other and perpendicular to the direction of the propagation.
   But new studies indicate that, charged particles like electron has a standing electric field and magnetic field at right angle simultaneously (see structure of electron). Electric field and magnetic field both are created by charged particles. Each electron acts as a tiny magnet. When electrons flow in a conductor the "electron magnets" will be aligned and this alignment creates a collective magnetic field around the conductor. The flow of electrons make them aligned, otherwise there is no any direct connection between motion of electrons and creation of magnetic field as current belief.
   The magnetic field of a magnetic domain is created by stationary positioned electrons (see structure of atom). A magnetic domain is created when a collection of electrons in the domain are aligned in a specific way. An oscillating magnetic field creates an oscillating electric field (oscillating electricity) in a conductor. But the oscillation of one field (electric or magnetic) in "space" creates no other field as current belief. Electric current creates magnetic field and oscillating electric current creates oscillating magnetic field and not "electromagnetic wave" as current belief.

See: what are radio wave and light? See also: Molecular magnetism