Laser direct energy deposited (LDED) Inconel718 always have problems of non-uniform temperature distribution because of the complex flow of molten pool and layer-by-layer fabrication characterization which directly affected the microstructure and mechanical properties of materials. In this work, Inconel718 revealed a refined grains and a weave structure exhibiting excellent mechanical properties which were superior to those of the conventional casting process were successfully fabricated by adopt a high-precision and intelligent coaxial powder feeding system during the LDED processing. Moreover, based on multi-field numerical simulation method, a two-phase flow model and a transient thermal mechanical deformation model were established to simulate the LDED processing, while takes into account the evaporated mass loss of the inconel718 alloy. The morphology prediction of laser directed energy deposition by multi-physics numerical simulation, the relationship among the laser process parameters, i.e., the laser power, scanning speed and the amount of powder feeding, the temperature filed and the microstructure and mechanical properties of Inconel718 alloy during LDED were investigated and established. The simulated results consistent well with the experimental results. Results shown that the relative density of sample was sensitive to the laser power, the precision and stability of the powder feeding rate. With increasing laser power, the grain size of Inconel718 is refined, and the microhardness and tensile properties of the materials increased. The optimized LDED processing parameters were determined. Evaluating the mechanical properties of the materials LDEDed at a laser power of 600W and a scanning speed of 8.5mms-1 exhibited a high tensile strength of 944±5 MPa and a good elongation of 29 ± 0.5 %. This work suggests that the processing parameters can be optimized to prepare densified materials with excellent mechanical properties.