It is possible to excite various linear and nonlinear low‐frequency modes in dusty plasma, which is an admixture of electrons, ions, gas atoms, and negatively charged solid particles. The experimental as well as theoretical study of these low‐frequency dynamical modes in dusty plasma is very complex because of the involvement of dynamics of electrons, ions, and neutrals. If the external magnetic field is introduced to dusty plasma, then the dynamics of it will be more complex. The complexity of magnetized dusty plasma where plasma species (electrons and ions) are magnetized is discussed in detail by keeping the experimental findings in mind. The requirement of theoretical modeling, as well as computation experiments in understanding the dynamics of dusty plasma in the presence of a strong magnetic field, is suggested in the context of experimental findings. The major challenges to magnetizing the massive charged particles in plasma experiments and some proposed solutions are discussed in this review report.