Studying just color theory is not enough. 
Color is inter connected to the tools of Composition.
Composition is called Language of Art.

Flow                         Artist:Magunta Dayakar

 As for theory some colors come forward and some
will recede but I am telling you, it depends upon
situations. So there are no hard and fast rules.
  
Learn them. Follow them if you want. If they won’t
suit you, change them. Change is the essence of
truth. Truth always changes with circumstances.

I believe it.