Certain aspects of a method and system for speed negotiation for twisted pair links in fiber channel systems are disclosed. Aspects of a method may include communicating data between fiber channel host devices communicatively coupled via a twisted pair link based on a common speed negotiated between the fiber channel host devices. At least one available speed may be determined for the communication of data between the fiber channel host devices over the twisted pair link. The determined available speeds for each of the fiber channel host devices may be exchanged via at least one fast link pulse signal. The common speed negotiated may be a highest available speed for the communication of data between the fiber channel host devices.