new website

Hello Friends,
I think u would agree that there r not enough websites where recommendations for trading are given for ordinary investor's benefit. A friend of mine is trying to launch a website for this purpose where intraday levels, intraday recommendations, short term and longterm recommendations will be given.
If any one knows what steps should one take in this respect, what kind of investments would be required for launching and maintaining the site,any other formalities to be satiefied and whether any licence and permissions would be required to be taken , please do inform me. Thanks and happy trading .