The present invention provides a knitting method of knitted fabric by joining front and back knitted fabric portions through a bind-off process while knitting the knitted fabric portions so as to sequentially reduce knitting widths without performing flechage knitting using a tuck, and knitted fabric. The knitted fabric portions are joined with each other through the bind-off process while knitting each of the front knitted fabric portion and the back knitted fabric portion so as to sequentially reduce knitting widths at front and back needle beds using a flat knitting machine. In this case, in S0, a yarn feeder 8 used to knit a front body (front knitted fabric portion) 2F and a yarn feeder 9 used to knit a back body (back knitted fabric portion) 2B are used to knit the front body 2F and the back body 2B each for one course so that the yarn feeders 8, 9 are separately arranged on a side to perform the bind-off process and an opposite side thereof (S3, S5). Then, stitches of the front body 2F and stitches of the back body 2B are alternately joined with each other through the bind-off process using the yarn feeder 8 located on the side to perform the bind-off process (S6 to S8).