Am I on the right path?

Ok, so I've never really been a label reader when it comes to food, but since I've been on CC I've become compulsive.  Staying under my calorie intake has proven a breeze I was just wondering if there are other factors I should watch out for.  Fats, sugars, carbohydrates, sodium...
It just seems to easy.  Will consuming only the allowable amount of calories put me on the right track to weight lose or should I be reading deeper into the food label?

It's definitely a good start but for best results its better to dig deeper as you suggest.  Avoid the simple carbs and substitute processed foods such as white rice and white bread for brown rice and whole wheat bread.  Even though they still have the carbs they are more complex and take longer to digest which will reduce the amount of insulin produced and eventually stored as fat.

Watch for sugars and high fructose corn syrups added to foods as well.  Manufacturers are smart and will put in big, bold letters "made with whole wheat" which looks great but then add tons of sugars which counteracts the good benefits of the whole wheat (cereals are notorious for this).  Also, read the lable for the words "whole" wheat and "whole" grains because they are very different than just "wheat" or "grains" there is more nutrition and more fiber in the whole, unprocessed grains.

Finally, just take the lable reading steps as you see fit.  If all of this confuses you just look for the stuff that you know is good or bad for you and choose accordingly.  Eventually you'll learn to recognize the hidden bad ingredients in the label and learn to avoid them.