Geomagnetic storms are the magnetic manifestation of disturbances caused by the impact of solar plasma flows generated by various solar activities. They consist of its onset (called the storm sudden commencement, ssc), the initial, main and recovery phases. Three distinct current systems (the Chapman-Ferraro current, ring current, and auroral electrojet) are generated by the solar wind-magnetosphere dynamo, and their magnetic fields are observed as magnetic disturbances-most intense ones, geomagnetic storms. Research on the processes generating these three current systems has encountered many serious theoretical difficulties, but continuous efforts (both observational and theoretical), unexpected solutions and discoveries, as well as a number of controversies, have led us to the present understanding of geomagnetic storms. However, there are still a number of problems to be solved for a better understanding of geomagnetic storms and the prediction of their occurrence in terms of "space weather prediction", in particular the prediction of the polar angle θ (or IMF Bz) of the magnetic field in coronal mass ejections (CMEs) and co-rotating regions (CIR).