Magnetic nanofiber has been widely applied in biomedical fields due to its distinctive size, morphology, and properties. We proposed a novel needleless electrospinning method to prepare magnetic nanofibers from the self- assembling "Taylor cones" of poly(vinyl pyrrolidone) (PVP)/Fe3O4 ferrofluid (PFF) under the coincident magnetic and electric fields. The results demonstrated that a static PFF Rosensweig instability with a conical protrusion could be obtained under the magnetic field. The tip of the protrusion emitted an electrospinning jet under the coincident magnetic and electric fields. The needleless electrospinning showed a similar process phenomenon in comparison with conventional electrospinning. The prepared nanofibers were composed of Fe3O4 particles and PVP polymer. The Fe3O4 particles aggregated inside and on the surface of the nanofibers. The nanofibers prepared by needleless electrospinning exhibited similar morphology compared with the conventionally electrospun nanofibers. The nanofibers also exhibited good ferromagnetic and magnetic field responsive properties.