Background: Orthogonal Frequency Division Multiplexing (OFDM) has emerged as the core technology of the 4th generation mobile communication due to its capacity to combat channel fading also OFDM is highly spectral efficient. Methods/Statistical Analysis: LabVIEW 2012 is used to simulate and evaluate the performance of OFDM link. Bit Error Rate (BER) evaluation of discrete Fourier transform (DFT) based OFDM system is carried out in this work. The simulation based analysis is demonstrated by means of different modulation schemes like QPSK, 16-QAM for OFDM based wireless system. Findings: QPSK needs less SNR as compared to 16-QAM to achieve an acceptable BER Furthermore, the efficiency of OFDM increases with increase of cyclic prefix. In OFDM, ISI and ICI-interference reduced by implying cyclic prefix. Applications/Improvements: The performance analysis of orthogonal frequency division multiplexing is analyzed using LabVIEW 2012 based on performance parameters like cyclic prefix simulated at frequency of 2.4 GHz using FFT size 512, 1024.