Many people start with file knives and there are many that will discourage you from doing so because of the questionable steel type and makeup. I want to urge you all to dive in and give it a try. I have made several file knives and have been very happy with the results.
Although I have moved into blade steels I still save my dull files and use them for practice forging and shaping. I recently found a post where someone mentioned Dr. Batson had tested some modern Nicholson files and determined they were close to 1095 (more like 1091 if I remember correctly). I recently heat treated a prototype hunter from a Nich file as 1095, convexed the edge and tested it a bunch on rope, brass rod, wood chopping, etc. I was real happy with the results.