The red ring 360 degree is a common problem / sign to let you know that something is wrong with your Xbox 360.
Now you can fix this problem without being frustrated and unwanted soldering.
Once you no longer have a warranty / Expired warranty then you can go ahead and carry out your Xbox repair.
Before when you saw this RED Light displaying on your Xbox 360 you never knew what had cause this to happen.
The red ring error which is displayed in Red light 360 degree is normally caused by hardware failure but it can also be as a result of excessive overheating which causes the soldering joints to come under severe stress in the CPU & GPU.
After a period of time these joints can disintegrate thus causing the Red Ring to appear on you console.
How can you avoid This Problem?

• The three red lights that flashes on the console are normally symptoms of overheating.
  This can be easily avoided by ensuring that the console environment is cool.
  
• Ensure that there is a lot of space around the console and there is ample air-flow.
  
• You can also get an add-on cooling fan all of these suggestions can extend the life of your console..
  

However if you should find yourself with a defective Xbox after playing you should at least follow the steps below.
Here are a few steps to commence repair on the Xbox 360.
• Check the warranty to find if it has expire if not then you should send it to Microsoft and let them do the repair.
• Once you have done the first step then do a trial & error that way you will be able to identify what is causing the problem.
What could the possible cause be (The Processor heat sink or the soldering).
• You will then need to open the Xbox 360 which can be a little tricky.
• Most importantly you will need a good PC tool kit.
Your Xbox 360 will be working in no time and would have cost you nothing.