A child's toy, similar to a rocking horse. But rather than two long runners connecting the front feet to the back, the walking horse has smaller runners, one on each foot. The front legs are connected to eachother and can swing forward. There is a rope (reins) attached to the front legs, so when the child rocks back, he or she pulls the rope, swinging the front legs out. Then, the child rocks forward onto the extended front legs. The back of the horse is pulled forward so the horse is in the neutral position. In this manner, the toy horse may "walk" across a room.