The invention provides a molded coal made from garbage and process for preparing same, wherein the molded coal comprises, (1) urban domestic refuse, (2) one or several flammable substances containing fixed carbon, including coal gangue, coal mud, stone coal, pulverized coke, bituminous shale, charcoal powder, coal, graphite powder, carbon black, (3) binder including loess, carclazyte, cement, soluble glass, industrial sewage, asphalt slag, coal tar, industrial maize starch and cellulose. The preparation process comprises the steps of sterilizing, artificial sorting, disintegrating, drying, charging binder, addition agent, mixing, magnetic separating, super fine crushing, modeling and drying.