Something like this?
first is an arbitrary identifier e.g. emc2 or a2o2h2 or whatever will have meaning for you. first is a bad example because the equation might not always be first. While this won't bother LaTeX, it will confuse me!
\documentclass{article}
\begin{document}
\begin{equation}
abc\label{first}
\end{equation}
\ref{first}
\end{document}

If you load amsmath, then you can use \eqref{}:
\documentclass{article}
\usepackage{amsmath}
\begin{document}
\begin{equation}
abc\label{first}
\end{equation}
\eqref{first}
\end{document}

cleveref is a popular package for cross-referencing of all kinds:
\documentclass{article}
\usepackage{cleveref}
\begin{document}
\begin{equation}
abc\label{first}
\end{equation}
\cref{first}
\end{document}

I prefer fancyref:
\documentclass{article}
\usepackage{fancyref}
\begin{document}
\begin{equation}
abc\label{eq:first}
\end{equation}
\fref{eq:first}
\end{document}

In this case the eq: part of the identifier tells fancyref what kind of thing is referenced, whereas cleveref tries to figure this out from the context.
\label{eq.foo}and then\eqref{eq.foo}. – Sigur Jan 20 '16 at 01:12\label{<identifier>}and then\ref{<identifier>}. The first in the equation. The second where you want the cross-reference. – cfr Jan 20 '16 at 01:12