Here are the methods we use to wax floors ...

Penetrating Stain and Wax

This finish soaks into the pores of the wood and hardens to form a protective penetrating seal. The wax gives a low-gloss satin sheen that wears only as the wood wears. It will not chip or scratch and is generally maintained with additional thin applications of wax. Usually, wax finishes are applied more often than surface finishes. Only solvent-based (never water-based) waxes, buffing pastes or cleaning liquids specifically made for wood floors should be used.

Wax

The oldest, and in some ways the best. Wax is the easiest to apply, least expensive, fastest drying, easiest to repair, and with proper care will survive forever. Wax over a penetrating stain, and the system is in the wood so you wear the wood, not the finish. Proper care involves maintenance with colored waxes. Water will spot the waxed surface and must be removed (or prevented). Buffing is required. Periodically, wax must be added, and this conjures up the memory of Grandma on her knees.