The invention provides a data-guiding channel estimation method for OFDM systems, and an implementation device thereof, which belong to the technical field of digital information transmission. The method demodulates and recovers frequency-domain data symbols at the receiving end of an OFDM system and performs channel estimation. The method comprises the steps of utilizing a frame structure to obtain initial channel estimation result, building a time-domain signal frame and the cyclic convolution of channel impulse response, demodulating frequency-domain data symbols of a current frame, and performing data-guiding channel estimation and post processing. The device comprises an initial channel estimation module, a channel estimation gating module, a cyclic convolution building block, a frequency-domain data block demodulation module, a data-guiding channel estimation module, a channel estimation post-processing module and a control module. The method and the device use hidden informationcarried by frequency-domain data sent by the OFDM system in symbol modulation, as well as initial channel estimation provided by training information, completes receiving the channel estimation of all signal frames, and can reduce complexity, improve precision and increase the utilization ratio of frequency spectrum, mobile performance and other effects.