I really like the beginning
The beginning is great just don't keep the same thing going for so long! =}
at least up to like 0:20, i absolutely despise the intrsument that comes in then, it sounds fine when its like not killing the main melody, like at 0:48 and stuff.
if your going to do that, choose a more trancy sound, a saw? piano / something awesome.
like the one at 1:25 is great.
but the guitar makes it bad, thats mi opinion xD. i totally hate the guitarie noise, cuz in my opinion thats not supossed to be in a trance song.
and great fade away at the end, try to "fade" it though, use a cutoff filter, (if ur using fruity loops, its the "Fruity Filter" )
rather then to extend the note, also, when you do that, make an automation clip and make the volume dim too.
but great work.
Come take a look at my stuff too =]