This invention discloses a method for preparing particular carbide-texile high-carbon high-speed steel, which is composed of: C 1.5-3.0 wt.%, V 3.0-6.0 wt.%, W 4.0-8.0 wt.%, Mo 2.0-6.0 wt.%, Cr 4.0-8.0 wt.%, Nb 0-5.0 wt.%, Co 0-5.0 wt.%, RE 0.05-0.20 wt.%, Ti 0.1-0.3 wt.%, N 0.06-0.18 wt.%, Zn 0.01-0.05 wt.%, Mg 0.02-0.12 wt.%, Ni 0-1.0 wt.%, Si 0-2.0 wt.%, Mn 0-2.0 wt.%, P 0-0.05 wt.%, S 0-0.05 wt.% and Fe, wherein the total content of Nb and Co is within 2.5-5.0 wt.%. The method comprises: casting in an electric furnace, heating at 1020-110 deg.C for 2-4 h, air-cooling, normalizing, heating at 500-580 deg.C for 4-8 h, and air-cooling or furnace-cooling to room temperature to obtain martensite-based particular carbide-texile high-carbon high-speed steel. The steel has improved mechanical properties with tensile strength of 930-980 MPa, impact toughness of 12-15 J/cm2 and fracture toughness of 48-55 MPa, improved thermal fatigue resistance and excellent wear resistance.