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Sean from Tracker Software demonstrates how to add watermarks to documents using PDF Exchange Editor. Watermarks can help protect documents, indicate ownership, and discourage counterfeiting. Watermarks can be added in text or image format. To add a watermark, go to the organize tab, click on watermarks, and then add. You can choose to use an image file or custom text for the watermark. Customize the text, font, and alignment options to create the desired watermark. Macros can also be used for further customization.