Hi
Here it is in simple terms.
All you need is a wireless router - some setup of cause will be needed on the router and on the laptops, but essentially that it.
I suggest you buy a quality Wireless router and not one suited for home users, this way you can get some support if required. Another important thing is your opening you network to "wireless" and there are security implications with this. Your "wireless network" must be secured and I would get in a specialist if you not comfortable with setting the router\laptop security options.
I recommend you use "WPA" security on your security options and not WEP and certainly not open to just anyone. There are some other things which slow down the hackers such as turning off the broadcast and setting the mac addesses of your laptops on your routers config. Be warned - Nothing ever stops the top hackers.
We have a secure network where I work and its against the policy to have laptops with wireless turned on anywhere near the building - they scan constantly for rouge contrators and the like.
Frequencies and channels is a little more technical, but essentially there are two fequency ranges - a 2ghz and a 4 Ghz range that is commonly used. These ranges can conflict with other wireless routers or other wireless devices such as wireless phones (not Cell mobiles) - so it just depends on your setup and how close you are to your neibours who might be using similar frequencies.
I use a 2.7 Ghz Netgear wireless router at home (as does my neighbor) and I have two wireless phone, one at 2.7 Ghz and another a 4Ghz and I have had no problem finding a clear channel. You can use a program called "Netstumbler" to see what routers are around you and what channels are being used, that way you can select a channel far away form the closest signal. ie My neighbor uses channel 6 so I choose channel 11. Use Netstumbler on a laptop to check you wireless network is secure when your fininshed, it shows secured and unsecured networks clearly.
As I mentioned, if your not into security and protocols then get someone to do it for you as the costs would not be much and could all be setup in an afternoon. If you do it yourself then it will open up a lot of new things in the Networking world and it is interesting and is a big growth area.
Good luck,
Dave