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Traffic signs which are triangular with a red border are warning drivers about something dangerous. This one simply has an exclamation mark, so it might refer to any kind of danger.

Danger (also risk or peril) is the possibility of something bad happening. A situation in which there is a risk of something bad happening, is called dangerous, risky or perilous.

Train surfing in Soweto (South Africa)

People often take risks, or do things that might hurt them. An example of this is crossing the road without looking carefully. There is a risk that you might get hit by a car.