This book considers several major configurations of convective chambers and the applied magnetic field. For each of them, the stability boundaries are determined theoretically and experimentally. The physical types of dominant instabilities and the characteristics of their interactions are subsequently established using linear and weakly non-linear hydrodynamic stability analyses and elements of bifurcation theory. The book also discusses the potential of using magnetically controlled ferro-nanofluids as a heat carrier in situations whereheat removal by natural convection is not possible due to the lack of gravity (orbital stations) or extreme confinement (microelectronics).