The invention discloses a preparation method of conductive high-strength graphene-reinforced polymer fiber, which comprises the following steps of: (1) dissolving a graphene oxide raw material in solvent, and carrying out ultrasonic treatment to obtain graphene oxide dispersion; (2) dissolving a polymer in solvent to obtain a polymer solution; and (3) adding the graphene oxide dispersion obtained in the step (1) to the polymer solution obtained in the step (2) under stirring, continuing stirring after complete addition, adding a reducing agent, centrifuging or carrying out rotary evaporation treatment, concentrating, transferring to a spinning device, continuously extruding from a spinning head at uniform speed, forming after entering a solidifying solution, and collecting to a roller to obtain continuous graphene-reinforced polymer fiber. The preparation method is simple and convenient, low in cost and multiple in used polymer variety, and is suitable for large-scale industrialized production; and the produced fiber has excellent mechanical property and better conductivity, and can be used for power transmission, antistatic textile, engineering material engineering material and other fields.