Magnetic properties of Fe nanowire arrays (NWs) electrodeposited in anodic alumina membranes have been studied. The influence of nanowire geometry (length, pore diameter) and an external magnetic field applied during electrodeposition process on the magnetic properties of nanowire arrays was investigated. With the use of the X-ray diffraction analysis the structure of iron wires was determined. The iron wires have the regular Body Centered Cubic structure. Magnetic measurements show that shape anisotropy aligns the preferential magnetization axis along the wire axis. It was found that the application of an external magnetic field in a parallel direction to the sample surface induces magnetic anisotropy with an easy axis of magnetization following the nanowire axis. The dependence of the height of Fe wires on the electrodeposition time was determined.