In fact, you can record anywhere. But you need to keep in mind that a part of the room's acoustics will be imprinted in the recording.
There is some ways to reduce that effect, like using close miking and keep the noises and/or reflexion sources at the oposite of the cardioid patern of the mic. Some will also record with thick draps on the walls or put their mattress up on the walls.

You should specify the dimensions of the room to help the discussion ;)

If that's the space you have available, then you can make it work :)

I agree with pc, use close miking and learn to work with the unique acoustic imprint that your space will produce. Meaning, mask it, but don't fight it to the point of distraction. Congrats on your new Studio! (y)

What kind of studio are you planning? I'm assuming this is for your own music... it might help us to help you more, if you told us what you want to do and are a bit more specific...

Are you planning on recording any live instruments - amps, drums, vocals... Or, are you planning on using mostly VSTi's (amp sims, drum samples, synths, loops, etc.)

Also, telling us what you already have in place gear-wise would be helpful ( monitors, mics, preamps, console, controller, DAW platform, etc. )

-d.

I don't have a good computer for music yet so I've been using GarageBand on my iPod and this site called songsilo. For equipment I use the line 6 sonic port vx which is a mic and interface. I have a peavey vypyr amp and I play acoustic and electric guitar, for acoustic I have a steel string, a nylon classical, a 12 string and a 10 string from Peru. For electric I have a stratocaster. I also play the mandolin. I do my own vocals and for drums I'm just using GarageBand and the html5 drum machine online. I also have an ocarina I've been wanting to use. If you go to my bandcamp ( Schtiel.bandcamp.com) you can listen to my demo. It was recorded in my garage before I got the line 6 sonic port vx, I used a recording app at the time.
My main issue is recording vocals and maybe the acoustic guitar, possibly the ocarina. I haven't experienced many problems but I'm just in my bedroom and I'm trying to get good recordings

Sounds like you have what you need. Immediate investments would be some moving blankets to put around the singer. And a computer daw would probably be a little more organized way to work as you progress.

lifelover115, post: 429453, member: 49096 wrote: I'm trying to make a studio in my bedroom, I was wondering if there was a way I could use this space for it

Yes. You need to move everything out of this room in order to remove the hard surfaces and flutter echo in the smallest of spaces. Then you should determine the dimensions, they do not matter as much except that you can determine where, based on the measurements, your room will interfere with the recording at what frequencies.

Acoustic instruments including vocals in a musical setting, want a live room with the fewest of interference's. You can close mic anything and everything, that works well for rock but not so much for giving space to a track.

In the end, the best way to get a good recording out of a room in this shape is to do it until you get the right mic setup and placement and the right positioning in the room. It will take you some time to achieve this but it is what has to be done.

The alternative is to move to a room that is empty and start from the ground up.