My few thoughts in addition to what has been written above:
1 - go for it! If you're at all interested, then it will totally be worth the journey.
2 - consider making a proper burner as Robbie d suggested. This can be done for very little cost from plumbing parts found at your local hardware store. Google and youtube is your friend on this.
3 - known steel is of course ideal. But if you're messing around for yourself, then there are other options too. Spring steel from cars/trucks can make an excellent knife blade. Most often it is a type of steel called 5160. If the spring is used, it can contain micro-fractures, so I would never use a used spring for something I wanted to sell. For a knife intended for my own personal use however, I'd have no problem using it.
4 - you can spend a TON of money on this hobby, but you *really* do not need to. The hammer I still most often use (3 lb cross pein) was bought at a Harbor Freight for a few bucks. I built my forge and burners myself. To start, you can use pliers for tongs (and make your own tongs for very little cost too). And as Bruno said, you don't need a fancy anvil. Don't get me wrong. I wish I had a nice new big anvil (mine is a bit small and beat up, but works just fine), forging press, power hammer, etc., but I get along OK without them. Also, the price of anvils has absolutely skyrocketed recently. All the more reason to consider a length of rail or some other alternative. At least to start.
5 - it is possible to really overthink this stuff too. Get good high-carbon steel, get it hot, whack it into shape, heat treat it, temper it, affix a handle if needed, and enjoy.
6 - if your first attempt is anything like mine, it will be uuuuuuugly! And I had some blacksmithing experience prior to bladesmithing. Don't worry about that. It will get better, and you'll have a load of fun