Originally Posted by: KasperowWhat is the best way to improve my speed and precision at the same time? Are there any great exercises specifically for that, or is it just "practice slowly and gradually increase speed"?

It may be boring, but a great way is to practice scales ascending and decending in 3rds and 4ths. Just use the major scale in any position and use alternate picking. This will demand fingering precision, picking precision, and picking efficiency. Start slow to get the mechanics down, then ramp up the speed with a metrenome.