For the product with small diameter, long column, and parabolic shape, the forging formability of the high-carbon steel wire rod was investigated in this study. By using the three-dimensional finite element method, the formability of wire was reviewed by forming analysis for the desired parabolic shape of local part. Analysis results due to forging direction, forging velocity, friction coefficient and constraint location were also investigated. On the basis of these results, it is noted that the forging direction has the big influence when the product with long column is forged. As the forging velocity increases, buckling tends to be limited and formability of parabolic shape is improved. By constraining the lower parabolic shape part to suppress plastic strain, the effect depending on friction coefficient is not almost appeared. And good parabolic shape is obtained at the region of the forging velocity of more than 0.5 m/s.