The invention discloses a preparation method of a stable basalt continuous fiber impregnating compound. The impregnating compound is a mixed emulsion prepared from a film-forming agent, a coupling agent, a lubricant, a PH modifier and water, wherein the film-forming agent serves as the main component. The preparation method comprises the following steps: diluting the film-forming agent by using the water, then adding the coupling agent, the lubricant and the like, fully mixing the components, and then performing stirring to obtain a finished impregnating compound product. The stable basalt continuous fiber impregnating compound is mainly used for a coating of a basalt fiber, has high impregnability and stability, and also has the functions of improving the bundling and the abrasion resistance of the basalt fiber; the mechanical property of the basalt fiber can be improved, and the breaking strength, the tensile property and the shear strength are improved.