Oil Stones differ from water stones in that they require the use of honing oil to float the swarf (metal particles). Also, these stones are commonly made from one of three different materials consisting of Novaculite, Aluminum Oxide (Corundum), or Silicon Carbide (Carborundum) and they all use oil to lubricate the stone and suspend the swarf in order to prevent the stone from becoming clogged. Also, while Novaculite and Coticule are the most traditional types of oil stones, there are also synthetic oil stones made by the Norton abrasives company called “India Oil Stones”.
Method 2: Send it out to a professional. This is a good option, provided you have a good knife sharpener living nearby, and are willing to pay to have the services performed. If you plan to sharpen your blades a dozen or so times a year, as I do, this can get quite expensive. All but the best professionals also use a grinding stone that, again, will take away much more material than is necessary from your blade, reducing its lifespan. Want to forge a stronger relationship with your blade? Then you'll want to...

At this point, I can flip the stone over and use the fine course side. Most Whetstones come with a nice wooden base that do a good job to hold the stone in place while sharpening. Before starting, you might need to add a bit more water to the surface. Now with the fine course stone, finish the sharpening process like before at the same blade angle and nice consistent passes along the stone. About 10 to 12 passes is good before switching to the other side of the blade. At this point, the blade should be extremely sharp. I’ll just give a quick paper test here. I can now slice paper quite easily with my knife. 

When attempting to choose a whetstone for sharpening your favorite knife, the number of choices can be mind boggling. In fact, sharpening stones are divided into four distinct categories consisting of natural whetstones and manufactured whetstones which, in turn, are divided into two other categories consisting of oil stones and water stones. Then, there are numerous different varieties of natural whetstones consisting of several different materials that are quarried from different places around the world as well as several different types of man-made whetstones!
There will be a drawer that extends into the mechanism under the abrasives. Any detritus from the sharpening process drops into this drawer. Exactly where the drawer is located will differ from sharpener to sharpener but it shouldn’t be hard to find. Remove the drawer flick any material into the wastebasket and then wipe out the drawer with a damp cloth or tissue. You may want to use work gloves and goggles to protect your hands and eyes from any loose metal shavings. Once the drawer is clean and dry replace it. The exact means by which the sharpening mechanism itself is cleaned will vary from manufacturer to manufacturer. Consult your owners guide for specific details. Make sure you don’t introduce any grease or other lubricants into the sharpener unless specifically directed to do so by the owner’s manual. Also, the outside of the sharpener should come perfectly clean with just a damp cloth. Avoid using commercial cleaners or abrasives of any kind. 

For instance, American Novaculite (aka Washita and Arkansas Stones) is a form of metamorphic Chert that produces some of the best known and best loved natural whetstones in existence. Then, there is a form of Belgian Coticule which has been known for providing extra-keen edges since Roman times and, there is a Japanese Siliciclastic sedimentary stone (aka Japanese Water Stones) which consist of a fine silicate particles suspended in a clay matrix. Plus, there are also various types of man-made whetstones available such as Silicon Carbide (aka Crystalon) stones and Aluminum Oxide (aka India Stones) as well as a synthetic Corundum (aka Ruby) rod and Aluminum Oxide impregnated ceramic rods as well as several different types of diamond hones.
Why, then, do so many of us shy away from the task? To put it bluntly, it's because it's a rather daunting process for the beginner. Your image of knife sharpening may consist of a hyper-masculine chef slashing away violently at a steel rod (we're looking at you, Gordon). Conversely, you might have seen cooks meticulously and methodically stroking their blade up and down a Japanese waterstone with more intricate attention to detail than a Flemish landscape. 

This is a good size stone and has the two different grits needed for knife sharpening. No instructions were included, but there are many websites with written and video instructions, so this is not an issue for most people. A fair amount of dust is generated during the sharpening process, so protect the work surface and wash the knife after sharpening is completed.
It will be tempting to raise the angle here to get to the edge quickly, that is not the way to go. Re-paint the edge/bevel if necessary and try again. You can flip the knife prior to burr formation and work on the opposite side. Repeatedly feel for the burr with your thumb by running it very gently down the blade and over the edge, if the burr is there it will be very obvious, you need to create the burr along the entire length of the blade. Once you have done that, (you have accomplished what most people will never try) but besides that, you have to do the same to the other side of the blade. 

Whetstones may be natural or artificial stones. Artificial stones usually come in the form of a bonded abrasive composed of a ceramic such as silicon carbide (carborundum) or of aluminium oxide (corundum). Bonded abrasives provide a faster cutting action than natural stones. They are commonly available as a double-sided block with a coarse grit on one side and a fine grit on the other enabling one stone to satisfy the basic requirements of sharpening. Some shapes are designed for specific purposes such as sharpening scythes, drills or serrations.[9]
Our large selection of stones from many well-known manufacturers will allow connoisseurs to find the ideal stone for their needs. Because all manufacturers formulate their stones to emphasize a different mix of qualities, and because these qualities can vary widely between different stones, most woodworkers choose stones from several manufacturers to build up an optimal set of sharpening stones. Then again, once you get to know the characteristics of certain types of stone, you may find one supplier who will provide all the stones you need. Sometimes this can be an advantage. But there is no one size that fits all; each stone must fit your needs and work style.