One thing I can add, from what I have read and heard.
Put the CO2 alarms near the floor or somewhere in the middle of the wall. CO2 is lighter than air and will 'sink' down.
Wrong, CO2 is much heavier than air...which is why it "sinks down". The other info is correct.
CO2 alarms are fine, but a far more important alarm is a CO alarm. CO2 is not deadly in itself, CO is. Both are normally located about two feet from the floor. Using these in a shop with a forge running can cause false alarms to sound, so picking where they should go is somewhat of a trial and error situation. They are best used as monitors instead of alarms.
Air exchange and ventilation should be a part of a shop air-flow plan. The air is best coming from behind you, and the exhaust is best from both high and low positions.
If building a ceiling "hood" type vent for the forge gasses, a good size is 8X4 feet, and should be ducted to the outside. A small "duct fan" ventilation blower or "draft inducer" fan is all that is needed to create good air flow.
The shop should have a separate air vent fan to exchange outside air for inside air. This should force air into the shop, not draw it out ( positive vs negative air pressure). This is important, as using it to draw air out a vent would likely make the ceiling hood draw air in, not exhaust gasses out. By creating positive air pressure, the ceiling vent will be self venting, and would not really need a draft fan ( but it is a good idea).
The air exchange ratio is best achieved by having a forced air intake port that is half the size of the air exhaust ports. For example - If the fan has a 200 sq.in. intake port ( roughly 14X14"), there should be a total of 400 sq.in. of places for the air to leave (20X20").