Rocketman
While I agree with Larrin that the air hardening steels are not recommended for heat treating in a forge because the likely hood of getting the correct temperature for maximum performance, I disagree that it shouldn't be tried. I know for a fact that D2 can be heat treated in a forge with quite good results. Yes you will probably burn out some of the carbon, so leave it a little thicker. Put a piece of pipe in your forge and use it as an chamber to heat the knife in. If you over heat the steel the grain size will grow rapidly and you will have a brittle blade. So start off on the low side and work your way up. No the forge is far from the best way to heat treat air quench steels, but it is an viable option and can be used if you watch what you are doing and and proceed carefully. Don't expect remarkable results but D2 is a great steel and even if you don't peg the temp you can still have a heck of a good blade. It may take a few trys, so do some experimenting before trying a blade. One final note, if you are planning on selling the knife, send it off to a professional heat treater.
Jim Arbuckle