Potting soil help

Okay I have Miracle-Grow Potting Mix

Heres what is in it.

Total nitrogen (N) ....................0.21%
0.12% ammoniacal nitrogen
0.09% nitrate nitrogen
Available phosphate (P205).........0.07%
Soluble potash (k20)..................0.14%
Derived from- Coated and uncoated: Ammonium nitrate,Ammonium phosphate,Calcium phosphate, And potassium sulfate.

*A portion of the nitrogen,phosphate and potash has been coated to provide 0.15% coated slow release nitrogen (N) 0.03% coated slow release available Phosphate (P205) And 0.08% coated slow release soluble potash (K20)

My question is. Is this the right stuff for me to start growing in?