This paper explores the thesis of behavioral economics, which argues that market participants do not act solely as rational individuals, but their decisions can be influenced by their characteristics, emotions, and external factors. The research attempted to understand how individuals' characteristics influence their willingness to take risks. To test this assumption, a survey was conducted on a sample of students from the Faculty of Economics in Zagreb. The research results are applied to the example of commodity futures trading. Commodity futures trading involves buying contracts tied to specific commodities based on an agreed price and future delivery date. Like other forms of investments, commodity trading can be categorized as more or less risky. Because of its caracteristics, commodities are great investment toll for hedging and diversification. Additionally, there are speculators who expose themselves to price change risk with the goal of making a profit. The research in this paper has shown that individuals with different characteristics make different investment decisions. For example, extroverts who are generally optimistic, confident, energetic, and believe in the positive outcome of their investments are more willing to take higher risks. As a result of this research, it can be said that speculators who are willing to take greater risks are often extroverts. On the other hand, individuals with a high level of conscientiousness generally take much less risk, are more composed, and make more cautious investment decisions. Those who use commodity investment as a means of diversification and hedging are typically high on the conscientiousness spectrum.