It's hard to describe. You can hear the valvetrain all the time, and the frequency and volume rises with RPM so it becomes very noisy, but knocking follows a more "analog" pattern that you can hear quite well, that doesn't occur regularly like other noises.
I trained my ear by using sample audio files that I found on a website, i think it may have been the manufacturer of the Phormula K4 who had a bunch of samples in their download section. I'll check if I can find them and edit this message
EDIT: can't find them, sorry.
You might check
this instead:
Ideally you want to train on a N/A car as it's harder to break stuff than on your turbocharged MX5! When I started mapping the 205 it was N/A and I had a quite agressive timing map and knocking would occur only in low RPM / high load ie fifth gear at 1k rpm wide open throttle. And I couldn't hear anything when running Ethanol e85. removing 5ยบ would make the noise disappear. You might want to induce knock somewhere safe to train your ear to it..
Nico