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I just finished the firts weapon smithing quest, does that mean I must stick with weapon smithing or can i unlearn it and do armor smithing?
Once you finish the quest, you are a weaponsmith forever. Even if you drop and relearn BSing, you can{t become an armorsmith on this character. Note, that the sticky says this ;-)
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also what is better for money making weapon or armor smithing.
Quite frankly, it's a little late to think about that ^_^! The truth is that it probably varies based on what plans you have. If you get the Lionheart Helm, then Armor is probably better. If you get, I dunno, Arcanite Reaper plans (which seem more common now, so maybe not...), Weapon will be more profitable. In egenral, I would say Weaponsmithing is more profitable, but I don't know for sure.