The problem of particle oscillation is considered in a pedagogical and comprehensive way. Examples from K, B and neutrino physics are given. Conceptual difficulties of the traditional approach to particle oscillation are
discussed. It is shown how the probability current density and the wave packet treatments of particle oscillations resolve some problems. It is also shown that only full field theoretical approach is free from conceptual difficulties. The possibility of oscillation of particles produced together with kaons or neutrinos is considered in full wave packet quantum mechanics language. Precise definition of the oscillation of particles which recoil against mixed states is given. The general amplitude which describes the oscillation of two particles in the final states is found. Using this EPR-type amplitude the problem of oscillation of particles recoiling against kaons or neutrinos is resolved. The relativistic EPR correlations on distances of the order of coherence lengths are considered.