The invention belongs to the technical field of welding materials, and particularly involves a low-hydrogen iron powder electrode and preparing method. The coating of low-hydrogen iron powder electrode is made up of following parts by weight: 47 to 49 parts of marble, 13 to 15 parts of fluorite, 2 to 4 parts of ferrosilicon, 1.5 to 2.5 parts of titanium dioxide, 1.5 to 2.5 parts of wood powder, 14 to 16 parts of rutile, 4 to 6 parts of feldspar powder, 6 to 8 parts of silica flour, 4 to 6 parts of mica powder, 12 to 14 parts of titanium valve, and 19 to 21 parts of iron powder. The low-hydrogen iron powder electrode has the advantage of overall good appearance of weld seam, parallel sideline and knitting well with mother metal. Weld seam is neat for ripple, and the height of weld seam is close to. The surface of weld seam does not have the disadvantage of pore-free, crackle, slag inclusion, undercut, and overlap. The welding slag after welding rod is easy to fall off.