To develop high performance nickel-iron secondary battery, the characteristics of charge-discharge reaction of iron electrode were examined by cyclic voltammetry technique, SEM and XRD analysis. The capacity of the test electrodes was determined by the constant current charge-discharge method. It was found that the temperature and concentration of electrolyte were the major determinant factors of electrode capacity, and especially the 1st discharge capacity was increased with the increase of temperature. The effect of fore forming agent on the electrode capacity was negligible. The electrode capacity was above 350 ㎃h/g(36% utility) at 0.25C discharge rate. The stability of electrode was very good, but the activation occurred slowly.