I'm following the android development tutorials, downloaded the jdk i needed, added the JAVA_HOME path, downloaded android studio and got as far as testing if android studio is working. I get a this following message on the output screen:

emulator: device fd:724
HAX is not working and emulator runs in emulation mode
emulator: The memory needed by this VM exceeds the driver limit.
creating window 43 59 329 583

Anybody know what's going on? I'm thinking that I don't have enough memory on my computer, and thought about installing android studio on my 1TB external. would that be a good option for me? Or is there something else that I'm missing?