So we know this is Cauchy because the sequence converges to 1. Now, to show it is Cauchy: $$|x_j - x_k| \leq \frac{1}{n} \ \forall n \in \mathbb{N} \text{ given } j,k \geq m$$
We know $|x_k - x_k| = |\frac{j}{j+1}- \frac{k}{k+1}| \leq |\frac{j}{j+1}| + |\frac{k}{k+1}| \leq \frac{1}{n}$
So really we can say $\frac{j}{j+1},\frac{k}{k+1} < \frac{1}{2n}$ Now to find $m$ we need to solve for $j$ or $k$.
We have, $$\frac{k}{k+1} = \frac{1}{2n}$$
$$\implies k= \frac{1}{2n-1}$$ So let m = $\frac{1}{2n-1}$ then $k,j > \frac{1}{2n-1}$ and $0 < \frac{k}{k+1},\frac{j}{j+1} < \frac{1}{2n-1}$
$$\frac{1}{n} > \frac{k}{k+1}+\frac{j}{j+1} \geq |\frac{k}{k+1}| + |\frac{j}{j+1}| \geq |\frac{k}{k+1} - \frac{j}{j+1}|$$
So really I am asking for help because I want to know if my approach works or not. I know there are other ways to approach the problem and get a solution. Is this a valid solution? I am missing a step or am I approaching the problem in the wrong way.
Your approach has problems. For example the inequality $$|\frac{j}{j+1}| + |\frac{k}{k+1}| \leq \frac{1}{n}$$
is not valid for large values of $j$ and $k$
You may try the following approach. $$|\frac {m}{m+1} - \frac {n}{n+1}|= \frac {|m-n|}{(m+1)(n+1)}\le$$
$$\frac {m}{mn}=\frac {1}{n}$$
So you make the difference of terms less than $\epsilon$ if you choose $m$ and $n$ larger than $\frac {1}{\epsilon}$