As mentioned above, all waxes are different, some you can layer almost immediately whilst other require longer between coats.
I can't really add much to Ekona's post really, other than the question regarding gloss which will come down more to prep. than to the wax on top - although difference waxes will give slightly different finishes.
With regards to "what's best", that depends entirely on both you're trying to achieve and personal preference really. Give this a read through.