שנים מקרא ואחד תרגום

What is the proper way to read Shnayim Mikra?

Pasuk by pasuk.

Are you allowed to talk?

Yes. (Bittul Torah aside)

Kavod Harav,

Can you use English translation instead of Targum?

Thank you

The purpose of the Targum is to understand. Better that than reading the Targum and getting nothing from it.
Some learn Rashi instead of Targum. Same idea. This issue discussed with learning Rashi is that it isn’t on every Pasuk. The translation is.

doesnt tosfos and tur say other languages dont count?

Reading the Targum Unkelus is definitely preferred, but if not, better to understand the Parashah. See Kaf Hachaim 285:20.