Nope, you don't have to feed it when it asks. Your first cycle will just be an experiment. I've used it with my clomid cycles and now I have natural cycles which are less than 33 days. I've never used it on a longer cycle.
I'm a stick watcher though.

I like to see how the estrogen and lh lines change. I would assume you could use a stick, skip several days, use another stick etc. It'd be registering your info at least. You'll see the sticks change though!
I could always tell on my anovulatory clomid cycles just by watching the lines. They didn't change and along with charting I was able to predict what an u/s would confirm.
I didn't trust my fm for probably at least 2 cycles if not 3. I love the sticks though and use them like opks even if I don't use the fm.

They are cheaper than store bought opks.