[php] Password

Is this password form secure? If not, what do I need to check for?


<?php
	function secCode()
	{
		include_once("constants.php");
		
		// obtain the password the user has entered
		$password = $_POST['password'];
		
		// warn for incorrect password
		if(($password != "321498762") && (strlen($password) > 0))
			$wrongPW = "<br /><font color=\"$WARN\">Wrong password.</font>";
		
		// ask for password
		if($password != "321498762")
		{
			echo("
				<form name=\"form\" method=\"post\" action=\"index.php?sec=admin\">
					<p>
						Password: 
						<input name=\"password\" value=\"$password\" type=\"password\" size=\"15\" maxlength=\"15\" /> 
						<input type=\"submit\" name=\"Submit\" value=\"Submit\" />
					</p>
					$wrongPW
				</form>	
			");
		}
		
		// correct password has been entered
		else
		{
			echo(success);
		}
	}
?>