Neurofeedback allows individuals to monitor and self-regulate their brain activity, potentially improving human brain function. Beyond the traditional electrophysiological approach using primarily electroencephalography (EEG), brain hemodynamics measured with functional magnetic resonance imaging (fMRI) and more recently functional near-infrared spectroscopy (fNIRS) have been used, particularly to improve the spatial specificity of neurofeedback. Over the last years, especially fNIRS has attracted great attention because it offers several advantages over fMRI such as increased user accessibility, cost-effectiveness, and mobility - the latter being the most distinct feature of fNIRS. The next logical step would be to transfer hemodynamic neurofeedback protocols that have already been proven and validated by fMRI to mobile fNIRS. However, this undertaking is not always easy, especially since fNIRS novices may miss important fNIRS-specific methodological challenges. This review is aimed at researchers from different fields who wish exploiting the unique capabilities of fNIRS for neurofeedback. It carefully addresses fNIRS-specific challenges and offers suggestions for possible solutions. If the challenges raised are addressed and further developed, fNIRS could emerge as a useful neurofeedback technique with its own unique application potential - the targeted training of brain activity in real-world environments, thereby significantly expanding the scope and scalability of hemodynamic neurofeedback applications.