In this video it explains Color theory and color in logo design. It will go over using a color wheel, choosing colors, Adobe Kuler, Color relationships, and Do’s and Don’ts.
Some terminology that will be helpful also is:
Warm Colors: Colors such as red, yellow, and orange. These colors evoke warmth because they remind us of things like the sun or fire.
Cool Colors: Colors like blue, green, and purple (violet). These colors evoke a cool feeling because they remind us of things like water or grass.
Neutral Colors: Gray, Brown. These aren't on most color wheels, but they're considered neutral because they don't contrast with much of anything. They're dull and uneventful.
Value: Usually refers to the amount of black in a color. The more black a color has, the darker its value.
Brightness: Refers to the amount of white in a color. The more white a color has, the brighter it is.
Saturation: Refers to the amount of a color used. When a color is at full saturation, it is extremely vibrant.
I also had 5 sources from which I got my information and they are: