I suggest visiting
http://weldingweb.com/
Giving precise information is difficult as we don't know exacxtly what you intend to weld (steel I suppose) and thickness. MIG is dangerous for unqualified welders as they can't know if penetration is OK. TIG is a must for thin metal (less than 2 millimeters) but expensive with argon. A good training is necessary.Stick is I think the best choice as long as you avoid the cheapest equipment. Check the duty cycle, see Worth's post above. It should be at least 60%. 150 amps would be a nice power.
Modern equipment is full of electronics that will die in the first months of use if it has to, so be sure to buy it in a place that can service it and not in Shangai.