Building a MMORPG computer?

I'm computer hardware illiterate and have never given much thought to it until now when I decided I want to build a computer from scratch. I truly enjoy MMORPGs and the occasional game like minecraft. Being so illiterate is a new feeling for me, so I figured I would ask the all powerful internet for knowledge. What would your suggestion be on things like video card, CPU, and how large of a hard drive I would need for multiple MMORPG? Also any helpful knowledge on the entire subject.

Please no smart asses

Do you JUST want to play minecraft? Or do you want to play modern games also? I'll modify my answer after you respond

MMORPGs are mainly low to medium demanding games. One of the most demanding is "The Elder Scrolls Online" just released in April 2014.

in order to be able to play even such games very well it is not yet necessary to have a top computer. A $700 build including operating system will do, e.g. This one
http://pcpartpicker.com/p/3IlCM

a remark
as MMORPGs are games running on 1 or max. 2 threads even an Intel i3 processor is better than any AMD FX processor. The reason is that one Intel core is more powerful than an FX core. Don't let fool you from these AMD freaks.

How To Build Gaming Computer Under $800

1. [$199] Intel Core i5-4570 3.2GHz LGA 1150 84W Quad-Core Desktop Processor Intel HD Graphics: https://www.amazon.com/...00CO8TA4I/

2. [$88] ASUS M5A97 R2.0 AM3+ AMD 970 SATA 6Gb/s USB 3.0 ATX AMD Motherboard: https://www.amazon.com/...008V9959O/

3. [$150] EVGA GeForce GTX 750Ti Superclock w/G-SYNC Support 2GB GDDR5 128bit, Dual-Link DVI-I, HDMI, DP 1.2 Graphics Card (02G-P4-3753-KR): https://www.amazon.com/...00IDG3IDO/

4. [$93] Corsair Vengeance 8 GB ( 2 x 4 GB ) DDR3 1600 MHz (PC3 12800) 240-Pin DDR3 Memory Kit for Core i3, i5, i7 and Platforms SDRAM: https://www.amazon.com/...004CRSM4I/

5. [$39] Thermaltake V3 Black Edition VL80001W2Z No PS Mid Tower Gaming Case (Black): https://www.amazon.com/...002Q2M8KK/

6. [$59] WD Blue 1 TB Desktop Hard Drive: 3.5 Inch, 7200 RPM, SATA 6 Gb/s, 64 MB Cache: https://www.amazon.com/...0088PUEPK/

7. [$23] Asus 24x DVD-RW Serial-ATA Internal OEM Optical Drive DRW-24B1ST (Black): https://www.amazon.com/...0033Z2BAQ/

8. [$66] Corsair Builder Series CX 600 Watt ATX/EPS 80 PLUS: https://www.amazon.com/...0092ML0OC/

9. [$27] ASUS XONAR DG Headphone Amp & PCI 5.1 Audio Card: https://www.amazon.com/...0045JHJSS/

10. [$7] Cooler Master SickleFlow 120 - Sleeve Bearing 120mm Blue LED Silent Fan for Computer Cases, CPU Coolers, and Radiators: https://www.amazon.com/...0026ZPFCK/

Total: $751