It is best to follow the lead of how an individual refers to themselves. Many people in the Western LGBTQ+ community find "ladyboy" to be a slur or an outdated trope from the sex industry.

Always use "transgender women" or "transgender youth."

Specifically for a young person or teenager.

If the individual does not identify strictly as a woman. Contextual Usage

If you are looking for a more formal, respectful, or "proper" way to describe this identity, here are better alternatives depending on the context: More Respectful/Formal Terms

The standard and most respectful term for a person assigned male at birth who identifies as a woman.