How to become a top NFT trader: tips from an NFT community expert

The NFT market is constantly growing. Now, many people are entering, hoping to become an NFT trader and make money. With the help of a seasoned NFT expert, you can make sure you start on the right track. In a Twitter thread by @lurvli1, they outlined the rules you need to follow to make it as an NFT trader.

The thread details five ways to begin your NFT collection and build it to become a successful NFT trader.

NFT traders use Icy.tools and Analytics platform, Nansen!

According to @Lurvli1, the first thing you need to do when considering which NFTs to buy is using a tool designed to help you keep track of the data. Icy.tools is a “free tool that gives the real-time activity of moving projects (volume, price action, transactions, market cap)”. This is a great place to start, and it will help you begin to understand NFTs on an analytical scale, making sure you don’t buy overpriced ones.

This ties in with point Number two. @Lurvli1 suggests using Nansen.ai to discover hidden gems. This analytics platform allows you as an NFT trader to find new projects and observe the minting activity of others. Also, you can set alerts on wallet addresses you want to follow.

By tracking wallets, you can understand how and when the top investors enter NFT projects. However, this doesn’t come cheap, with the plans starting at $150 per month. Although, if it helps you find NFT projects worth buying, it might pay for itself.

Follow the NFT bots and Twitter influencers

NFT bot accounts may seem like an annoyance, but they are beneficial. On Twitter, these bots tweet about trending NFT collections over 24 hours and sometimes hourly. These accounts will keep you up to date as you go about your life. You can’t watch your screen 24/7. Additionally, it is essential to remember that speed is everything, and you must act quickly to get ahead as an NFT trader. Follow @nftwhalealert and @NFTrepreneur to start.

Although Twitter influencers are occasionally known to shill projects, many focus on helping people learn about NFTs. Some accounts focus on community, some that help educate, and others are pure trade-based. You can find a lot of these through the #NFT on Twitter.

Recently, Twitter spaces have emerged as a great way to find out more about NFTs. Many in the community love helping others, so never be afraid to ask questions.

Discord is another excellent way to find projects as an NFT trader, as long as you can deal with spam and are cautious. Some popular accounts also have alpha groups, where you can pay to join, but you should be careful with these and don’t pay for something you aren’t convinced with.

NFTevening.com will help you become a better NFT trader

Here at NFTevening, we are committed to bringing you the most up to date news about NFTs, written by our team of NFT experts. We provide carefully curated articles and guides. These will help you to navigate your way through the NFT space.

As an NFT trader, our website provides you with everything you need to know about NFTs. Furthermore, we have a dedicated NFT Calendar that lists all up and coming NFT drops. You can even choose which category and blockchain you are interested in to focus your choices. You can also follow us on Twitter.

Finally, @Lurvli1 said you must never forget to do your own research (DYOR) and be careful with your wallet. Good luck on your NFT trading journey.