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So I just bought the codex and seeing making a daemon army wouldn't be so expensive I just bought it. I have a few questions but first will show you the list
Hq:
Fateweaver-300pt
Troops:
Horrors-90
Horrors-90
Heavy:
Daemon prince warp armour, flight,lesser gift,x2 greater gift, DoT,psyker lvl2- 355
Daemon prince warp armour, flight,lesser gift,x2 greater gift, DoT,psyker lvl2- 355
Daemon prince warp armour, flight,lesser gift,x2 greater gift, DoT,psyker lvl2- 355
=1500pt
So my questions are what is grimoire? Should I replace fateweaver with LoC and if I do what should its load out be? Or should I go with KoS?
And lastly are soul grinders better then Dp?

What you have there is the list that people call, flying circus, it's a really good list, even in competitive play, I wouldn't replace the fateweaver because of the fact that you can reroll you warpstorm table results each turn. The only thing is that you're going to have to just wipe you oponent, even in objective game modes because you only have 2 troops.

For your questions. The Grimoire Of True names is a hellforged artifact that can be given to any daemon with a exalted reward(you can first roll and if you don't like it just give them the hellforged artifact). What is does is pretty much this: It makes you roll a D6: on a 1 or 2, the model carrying the grimoire suffers a wound and that's it. Howerver on a roll of a 3,4,5 or 6, you can give a 2+ bonus to the invuln saves of a daemon unit in range of 12 ''. You can also decrease the invuln saves of an enemy unit with 2 but I would recommend using the buff for yourself. So pretty much, give them to any unit, let's say your daemon prince, it gives it a 3+ invuln save until the start of your next movement phase (when you get to roll for it if you please again).

Don't get the KoS He looks good, but he's not that good, take the fateweaver .

And lastly, since your list is all about psykers, I would keep the daemon princes if you want to have a table list. However, in general, daemon princes are better than soul grinders, but ofcourse as you can tell, a soulgrinder with the most expensive upgrades is around 200-210 points, if you do the same with a daemon prince it's around 350-380 points, so it really depends on how many points you can afford, they're both equally good in my opinion but the price in points is the only thing really.

I hope this helped you out

As said above you have created a very powerful list that is so meta and powerful it has its own name, "The Flying Circus".

If I would change anything, I would replace a DP with Be'Lakor, and I would take 2 exalted gifts on the DPs, one to be the portal glyph to give you more troops (place it where it will not be destroyed), and one to be the girmoire to give a 3++ invuln save to whoever is going to take the most fire next shooting phase.

Soul grinders are considered about equal to daemon princes, considering DPs cost much more than soul grinders. Either one is fine. If you end up going with soul grinders, you use those extra points to get lots of fast attacks (flesh hounds, plague drones, Screamer star)

The Grimoire works like you described except for the part about the model carrying taking a wound. You nominate a unit to use the Grimoire on (cannot be the model holding it) then roll a d6. On a 1 or a 2 you reduce the units invuln by 1; on a 3+ you +2 bonus to the invuln.
By my calculation you should be able to get a Daemon Prince load out that looks like this:

DP
DoT, lvl 3, warp armour, flight, Greater Gift, Exalted Gift : 355

If you kit out all your Daemon Princes this way you'll get 3 more rolls on psychic tables of your choosing and 2 exalted gifts. The 2 gifts will net you the Grimoire (which you want) and the Portalglyph (that you need).
Go read the Portalglyph's entry in your codex. It can spawn troops so that you might have a chance of winning without tabling your opponent.

The list looks good, somethings to consider though:

i) In this kind of list, always, always take the grimoire. Fateweaver can get the fabled 2++ re rollable save with it, and his 1 re roll per turn synergizes very well with it. Put it on a Tzeentch DP to keep it safe.

ii) In a flying circus keep fateweaver as your HQ. He gives a great warlord trait, and his re roll is great at keeping your birds airbourne. In lower points games (say 1000, a KoS would be a viable alternative).

iii) Consider the portalglyph. It helps to counter your low number of scoring troops. Be careful in KP games though.

iv) For your 2nd HQ slot you could consider a DP of slaanesh. Their lash attack is great vs many targets (especially with iron arm), and is more reliable than a psychic attack.

v) Do you need those 3 lesser gifts? Personally I don't find them all that useful. The str 8 staff is probably the best pick, however whilst it sounds good on paper, against most things your base str 6 will suffice, and for things which are tougher than this you can always go up to str 10 anyway. Also it can make things blow up in your face, which isn't fun. With these 30 points you could get a portal glyph or another psychic level.

vi) Soul grinders are great, are they better than DPs? Difficult to say. Both are very viable choices when built right. The DP should be more game changing, but they should be at double the price of a grinder. Overall it depends on what the rest of your army is. In this case, stick with the DPs.

Thanks guys so much I've read most of the stuff and now I guess it's one greater with one exalted but one more question is the hell forge artifacts so If I have grimior for one prince I can't have another?

The hellforged artifacts work like relics from other codices, so they are one per army.

As for your loadout, greaters are invaluable for survivability. 4 of the 6 rolls will improve your chances of staying alive.

With 3 DPs, normally the 2 tzeentch ones get 1 greater and 1 exalted each. And a slaanesh one would get 2 greaters (one for the lash, the other to help him stay alive).

Thank you all now I will kick some eldar butt hope fully I will learn much more about daemons and buy all the things ill need
Also maybe my next list I will try to make a mono khorne cause I like the blood crusher and bloodletter models

Let me know if you are doing that, I have a mono khorne list aswell. The only problem is that I would never use the bloodcrushers from 6th edition. They cost tooooooo much points and they're not that good for the huge ammount of points each model requires, get a gak ton of bloodletters, if you wanna have a look at my list, just let me know in a private message

If you wish to play mono khorne, don't be sad if you lose. Worst chaos god in the 6th edition codex (khornedogs aside).

Worst troops/DPs /cavalry in the book.