How risky is NFT trading?

When it comes to NFT trading, how much risk is involved? Are there potential pitfalls or challenges that investors should be aware of? How can one mitigate these risks and ensure a successful trading experience? With the ever-evolving nature of the cryptocurrency market, is NFT trading a safe bet for long-term investments, or is it more suited for short-term speculation? As a professional in the field, what advice would you give to someone who is considering diving into the world of NFT trading?