The invention relates to a traction converter of a straddle type monorail train. The traction converter comprises a main circuit module and a control circuit, wherein the main circuit module is provided with a pre-charge circuit, an overvoltage protection circuit, an input filtering circuit and a traction inverter circuit module; the control circuit comprises a traction controller TCU (tape control unit), a current sensor and a voltage sensor; the traction controller TCU is respectively connected with the current sensor and the voltage sensor and used for collecting voltage, current and rotary speed signal to control the output of the traction inverter circuit and finish the voltage protection. Modularized design is adopted in the main circuit of the traction converter of the straddle type monorail train, so that the volume is small, and the weight is light, wherein an IGBT (insulated gate bipolar translator) power semiconductor technology is selected in the traction inverter circuit module, the high switching frequency control is allowed, and a composite laminated bus bar with stray inductance is adopted, so that the voltage overshoot produced by the stray inductance of the circuit under the higher di/dt action can be reduced while IGBT is cut off, the probability for damaging the IGBT is reduced, and the reliability of the system is high.