Many modern versions of the Bible, such as the NIV, the ESV, the NLT, etc, detract from the proper doctrines of scripture, as they are translated from tainted manuscripts, and as in many places, where proper doctrine is found in the texts from which those versions are translated, they are translated wrong.
But is it okay to use the NKJV, based on the majority texts, which faithalone.org claim is the Word of God, rather than the received text? On that site, they say that, although it is not as smooth as the KJV, it is more accurate than the KJV.
I apologize for not planning this post out before writing it.