Free Keyword Research Tool
Here is a list of free tools which could help you to do keyword research. You can look into these and pick 1-2 based on your preference. Using this in combination with adwords tool will give you very effective result.
KwMap
Generates a visual and textual representation of related keywords
Quintura
Generates a visual tag cloud in addition to its own textual search results
Reference
Generates dictionary, thesaurus, and reference information
Visual Thesaurus Generates a visual representation of word relationships
Glossarist
Provides links to glossaries and dictionaries on all subjects
Webmaster Toolkit
Generates related keyword searches using many search engines, including Google
Keyword Discovery
Generates up to 100 related keywords and an estimate of their daily search volumes;
a paid version is available with no restrictions
Wordtracker
Generates up to 100 related keywords and an estimate of their daily search volumes;
a paid version is available with no restrictions
Search Forecast
Provides a keyword suggestion tool with the (predicted) number of searches
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