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Today, we will be learning how to add watermarks to documents using PDF Exchange Editor. Watermarks are useful for protecting documents and indicating ownership. They can be added in text or image format. To add a watermark, simply go to the Organize tab, click on Watermarks, and then Add. You can use an image file or custom text to create the watermark. You can customize the font, alignment, and use macros to personalize the watermark.