Yep, that's cool. How big is your tank, how long has it been set up, and are there any fish in it yet?
The really poisonous ones are Ammonia and nitrIte - these should be at 0 unless you're cycling the tank. NitrAte is okay at anything up to around 25ppm (some people say 50, but I reckon it's better safe than sorry).
HTH
Sarah
Edit: PS the only way to get nitrAtes out your tank is to put in some live plants, and to do frequent water changes.