Here is what you need to get started and it does not begin with the tangibles. Success will come quickly if you understand and can visualize what it is you are attempting to do, what has to happen to make a knife sharp. My experience is with Japanese Water Stones but the same will hold true for other methods. I do not recommend pull through gadgets or electric grinders of any type by the way, I am opposed to those methods although I understand the desire to try everything out… remember, I thought I needed everything and I thought everything worked.
Before you start sharpening, soak the stone in water for around five to 10 minutes, until it absorbs the water and a liquid film appears on the surface. After soaking, splash some water on top, and re-splash during the process if it ever gets too dry. You'll get a dark, splotch of steel and stone building up on the stone while you're sharpening the blade. This is totally normal so just splash the stone with some water to clean it off and allow it to perform more efficiently. 
A sharpening stone is made of particles of abrasive material that are sintered or bonded together. The blade is moved across the stone and the steel is worn away, which creates the edge. However, at the same time, the stone is also worn away to reveal new, coarse particles. As a general rule, the softer the stone, the more rapidly it will wear and will be more aggressive in use. Harder stones don’t wear as quickly.

Chefs will do this every day, and there's no reason you shouldn't too. Before cooking, or after you've done the washing up, honing your knife will help keep it in good condition. "When you're using a honing steel, you're not actually removing any metal at all, just re-straightening that edge, to get it back in line," says Authbert. Remember that you'll still need to sharpen it every two or three months. 
This is great combination but you don’t need them all to get started. As your budget allows, start with one stone and although I like to start with a coarse stone, the 400 Chosera is a little coarse to start the learning process with and you would need another stone in a higher grit to finish. So if you want to start with one water stone, and that is perfectly okay, select the 1,000 grit stone, it will deliver an edge that will startle you, with practice of course. Also, just having a water stone in your possession is going to motivate you, trust me.

The most important aspect of a sharpening stone is the grit. If you have knives that have taken a beating and are either nicked up or really dull, you’ll need a courser stone to get it back into shape. And in order to put an exceptionally sharp edge on an already sharp knife, you’ll need a finer grit stone. If your knives are already in pretty good shape and just need a touch up, buying just a finer grit stone might be enough, but don’t think you can get away without a courser stone for knives that need more TLC. It is possible to buy a combination, or two-sided sharpening stone.

Clamp-style sharpening tools use a clamp with several holes with predefined angles. The stone is mounted on a rod and is pulled through these holes, so that the angle remains consistent. Another system is the crock stick setup, where two sticks are put into a plastic or wooden base to form a V shape. When the knife is pulled up the V, the angle is held so long as the blade is held perpendicular to the base. Several cutlery manufacturers now offer electric knife sharpeners with multiple stages with at least one grinding stage. These electric sharpeners are typically used in the kitchen but have the ability to sharpen blades such as pocket or tactical knives. The main benefit of using an electric sharpener is speed with many models that can complete the sharpening process in one to two minutes. The disadvantage is that the sharpening angle is fixed so some specialized knives, like a Japanese style Santoku, may need additional attention to sharpen to the ideal angle.

The basic concept of sharpening is simple – you're using an abrasive edge to remove metal – but the knife you buy may alter the method you should use. A general rule of thumb is that a waterstone can be used for both Japanese- and Western-style blades, but you should avoid pull-through sharpeners for Japanese knives (or any knife with very brittle blades).
Clean the knives and stone. As soon as you've finished sharpening your knives, wash and dry the blades. You should also clean the stone according to the manufacturer's instructions. For example, if you have an oil stone, you might need to scrub it occasionally with a stiff fiber brush and soak it in oil. For a water stone, wash off any of the residue and store it in a dry cloth until you need to use it again.[11]
You've acquired a good chef's knife, you're using it almost daily to make tasty dinners for the family, and it's stored in a nice knife rack or a magnet for safekeeping. So why stop there? Keeping that knife's edge fine will make cooking not only safer but, let's face it, much more fun. Whether you've spent £150 on a high-end knife or under a tenner on a dinky paring knife, keeping it sharp is crucial. 
Best purchase I every made. while my knife doesnt cut a fine layer of tomato without touching it, it became as good as it was when I purchased. I recommend users to learn how to properly sharpen the knife. It took me about 30 minutes to sharpen a single knife to what it is today. The knife gets really sharp. Also, with use, the surface gets uneven. I recommend you draw a grid in pencil and then file using the grinder stone until the grids disappear. This ensures the surface remains flat during all use.
The Chef’s Choice 476 2-Stage Sharpener transforms your weary kitchen, hunting and pocket knives into razor sharp cutting instruments with dependable ease. The sharpener is simple in concept, solid in its fabrication and reliable in the way it goes about its business. The design is also free of right-hand bias which is good news for the lefty chefs out there.