The invention discloses an aluminum alloy welding wire special for a high-speed train and a preparation method thereof. The welding wire comprises, by weight, 5%-6% of Mg, 0.1%-0.18% of Ti, 0.15%-0.28% of Cr, 0.08%-0.15% of Mn, 0.01%-0.05% of La, 0.1%-0.18% of Te, 0.01%-0.05% of Bi, 0.1%-0.2% of Er, 0.05%-0.18% of Yb, 0.2%-0.4% of Zr, 0.1%-0.25% of Ag, 0.5%-1.8% of Sn, 0.5%-2% of Mo, 1%-2.5% of W, 0.5%-1.5% of V, less than or equal to 0.3% of Fe and Si, less than or equal to 0.2% of Zn, less than or equal to 0.05% of the single content of other impurity elements, less than or equal to 0.15% of the total content of the other impurity elements and the balance Al.