The hydrodynamic characteristics of liquid-fluidized magnetically stabilized beds (MSB) with commercial amorphous nickel alloy catalyst (SRNA-4) as solid phase and water as liquid phase in a cold model experimental apparatus of Φ140mm were investigated. The influence of magnetic field intensity on bed structure, pressure drop, minimum fluidization velocity, transition velocity, and liquid holdup were investigated. Mathematical models for minimum fluidization velocity, transition velocity, liquid holdup were established respectively. The operating phase diagrams of liquid-fluidized MSB with SRNA-4 catalyst of two different sizes were obtained.