Taylor Swift and Joe Jonas
Larry Busacca/WireImage; Jeff Daly/Getty
11/05/2008 at 04:50 PM EST
is opening up for the first time about her breakup with Joe Jonas
– and she's even singing about it on her new album.
"[It's] a song about watching somebody completely fade away in a relationship and wondering what you did wrong," Swift, 18, tells PEOPLE about "Forever and Always," the track inspired by her October split with Jonas, 19. The song appears on her new album Fearless
, due Nov. 11.
Swift also tells PEOPLE that she's not ready to date again and prefers being alone – for now.
"I would hate to jump into something so quickly and have it not be the right thing, because I don't think I could take that right now," she says.
During their summer romance
, neither Swift nor Jonas would admit they were dating. But on Wednesday, Swift finally confirmed that they were a couple, and said Jonas is the only guy who's ever hurt her "deeply."
"It's been tough," she said of their breakup while chatting with Ryan Seacrest
on his KIIS-FM radio show. "You just have to try to realize someday you'll find someone that's right for you."
Swift is also using humor to deal with the split. She pokes fun at Jonas in a new vlog on her MySpace page
that also features cameos from Selena Gomez and Patrick Dempsey.
At the 4:20 mark, Swift holds up a Joe Jonas doll and says, "See, this one even comes with a phone. So he can break up with other dolls." A few scenes later, she holds up a Taylor Swift doll and says, "Stay away from him, ok?"
Additional reporting by EILEEN FINANRELATED ARTICLE:
Get the dish on Taylor, Joe and other hot teen stars! RELATED GALLERIES:
Read about star couples that burned bright, but burned out!
Read about JoBro and other HOT hitmakers!