Yes. It is important to have a broad knowledge in investing to bitcoin before you bet money in trading sites.
Taking a risk is not a bad thing but make sure you have enough knowledge in everything that you need to know in investing or trading to avoid having losses.
I think this is the regular advise because not only Bitcoin, you shouldn't invest in anything if you or your manager doesn't know anything about this for sure.
The percents that you will lose if you don't have knowledges is very high , knowledges are the key that reduce the risky in all situations.