Heinz is correct, the answer to |(x - 1) / (x + 1)| < 1 is x > 0, but there are easier ways to do this than those mentioned above. Remember that a question can penalise you time in an exam by you doing it the long way.
Method 1 - quick algebra.
Since x <> -1 (othewise the inequality is undefined), and |x + 1| is positive otherwise, multiply through by |x + 1|.
The question becomes: |x - 1| < |x + 1|
Taking cases, we have x - 1 < x + 1, which is true for all x, and
-(x - 1) < x + 1
-x + 1 < x + 1
-x < x
0 < 2x
x > 0
Combining these results, we get x > 0.
Method 2 - Quick curve sketching
After getting |x - 1| < |x + 1|, as above sketch the two curves y = |x - 1| and y = |x + 1| on the same set of axes. Both are standard "V" shaped absolute value curves, with x - intercepts at -1 (for |x + 1|) and at 1 (for |x - 1|). These meet at (0, 1).
From these graphs, it shoud be obvious that |x - 1| < |x + 1| when x > 0.
Method 3 - Slower curve sketching.
(x - 1) / (x + 1) = (x + 1 - 2) / (x + 1) = 1 - 2 / (x+1)
Thus, to solve the absolute value inequality, all we need to do is sketch y = 1 - 2 / (x + 1), and look when -1 < y < 1.
This curve is a rectangular hyperbola, with aymptotes of y = 1 and x = -1, and intercepts at (0, -1) and (1, 0).
From the sketch, it should be obvious that the solution is x > 0.