Whilst most colored pencils are wax based, some brands use an oil based lead, like Faber Castell's Polychromos. These pencils are very soft to apply color so will cover every fibre of the paper with their bright hues, but they are also very expensive and should only be considered if you are looking to take your art to the highest level.
Coloring Tips and Techniques. First of all _ choose what coloring material you would like to use. There are lots of coloring materials to choose from like: crayons, colored pencils, markers, soft and oil pastels, and many more. It's your choice which media you'll be comfortable in.