A positioning method and a mobile terminal in order to improve track fitting precision, eliminate erroneous track determining, improve a positioning presentation effect, and automatically set a suitable positioning frequency. The method includes determining, by the mobile terminal, an expected journey L, where the expected journey is an expected value of a distance traveled by the mobile terminal between two consecutive times of positioning, obtaining a speed value v of the mobile terminal, adjusting a positioning frequency according to the expected journey L and the speed value v of the mobile terminal such that a deviation of a distance traveled by the mobile terminal between two consecutive times of positioning from the expected journey L is less than a specified threshold, and performing positioning according to an adjusted positioning frequency.