Where to start....
Personally I try to look at several translations, mostly the NIV, Amplified, KJV, NKJV, NASB, NLT and others. I also use a Vine's and Strong's concordance to help with some of the older words that are no longer in use. For everyday reading I use the KJV, just because that is what I am comfortable with and I like the flow of the text.
With that being said, people tend to get too hung up on defending or criticizing one particular version of the bible. All that we have today are translations and we must rely on God. It is His word. Their are "versions" out there that are paraphrased and politically correct that I would not recommend, but to each his own. The bible says this in James 1:5 (KJV):
If any man lack wisdom, let him ask of God, that giveth to all men liberally, and upbraideth not; and it shall be given.
All you have to do is ask, and if you are in God's word, regardless of translation, He will give you the wisdom to understand. The key is to read the word unfailingly, everyday. There are verses to support this as well, in Joshua I think, somewhere in the first few chapters, but they slip my mind right now.