Soldering involves risks of burns, toxic fume inhalation, and electrical hazards that require safety precautions. The document outlines steps to take such as wearing eye protection, working in a ventilated area, using a soldering iron stand, and properly disposing of wastes to reduce risks when soldering. Precautions like avoiding touching hot elements, keeping sponges wet, and turning off equipment when not in use can prevent burns. Proper ventilation, personal protective equipment, and avoiding lead use help limit inhalation of toxic fumes from soldering.