Tone down the steel guitar, as it is a bit too loud for the effect you're going for. It is blaring at the listener far too much.
This sounds as if it was made with the standard Fruity Loops instruments (I recognize that bass). I would recommend looking around for some free soundfonts that can diversify what you can and cannot do, sonically speaking.
The song is not that bad, but can use some spicing up in some parts, like maybe a few more instruments, or more importantly, some more variation in the melody, which is pretty bare bones for the most part.
This sounds similar to some of my early songs (which are not on the AP), so I can certainly see where you were coming from at this stage in time.