The invention belongs to the field of wheel-shaped part hot forging forming, and particularly relates to a train wheel rotary forging forming method. The method comprises the following steps that a, acontinuous casting steel billet is cut to obtain a blank with the diameter phi being 380*432 mm and heated to 1200 DEG C; b, a precast blank is obtained through a pressure machine, particularly, theblank is subjected to upsetting and punching on the 50MN pressure machine to form the precast blank, and the hole diameter and outer diameter of the precast blank are controlled in the working procedure to be approximate to the size of a cavity which is adopted during rotary forging final forming; c, rotary forging preforming is carried out, particularly, a preformed blank is obtained from the precast blank on a first rotary forging press, metal at the positions of a well disc, a hub and a rim needs to be reasonably distributed according to preformed blank materials, and therefore the cavity of a die can be completely filled with the metal when the rotary forging is finally formed; and d, rotary forging final forming is carried out, and particularly, a train wheel rotary forged part is formed from the preformed blank on a second rotary forging press. The problems and defects existing in existing train wheel forming methods are well solved, the train wheel size precision and concentricity can be improved, the cutting amount can be reduced, large-power forming equipment is not needed, and the working environment of workers is improved.