The invention discloses a method for preparing an oxygen-containing soft magnetic thin strip for high frequency, which is characterized by comprising the following steps: A. adopting an intermediate frequency induction heating method to prepare a FexMyBmOn master alloy, wherein M is selected from Zr, Nb, Ti, V , one of Cr, 55≤x≤65, 10≤y≤20, 5≤m≤10, 10≤n≤30; B. Cut the master alloy into blocks, and encapsulate it into an oxidized quartz glass tube. In the zirconium crucible, vacuum treatment is carried out; C. Use medium frequency induction to heat the master alloy in the quartz tube, after the alloy is completely melted, pass argon gas into the quartz tube, and spray the FexMyBmOn thin strip by the method of single-roller melt spinning ; D. Stress relief annealing for thin strips. By adopting the process method of the present invention, the iron-based soft magnetic thin strip with excellent high-frequency performance is obtained, the process is greatly simplified, the cost is reduced, and the mass production and application promotion are facilitated.