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Today, we will learn how to add watermarks to documents using PDF Exchange Editor. Watermarks are used to protect documents, indicate ownership, and prevent counterfeiting. They can be added in text or image format. To add a watermark, click on the organize tab, then on the watermarks drop-down menu, and select add. You can choose to use an image file or custom text for the watermark. You can customize the font, alignment, and use macros to personalize the watermark.