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Today, we are 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, go to the Organize tab, click on Watermarks, and select Add. You can choose to use an image file or custom text for the watermark. Customize the text, font, and alignment options as needed. Macros can also be used to further personalize the watermark.