Ferdinand has sprung to the defence of Young following his penalty miss in the Euro 2012 shootout defeat against Italy.
He said: "I spoke to Ashley after the game and told him how it requires a lot of bottle to go up and take a pen in those circumstances.
"Ashley was disappointed, of course, but it's the people who go missing when they are looking for penalty volunteers who deserve the stick.
"It's very nerve-racking, no doubt about it. I remember in the 2008 Champions League final shootout against Chelsea. I was the next one up to take one and my knees were seriously knocking, I can tell you.
"I would have backed Ashley to put the kick away though - as I would Ashley Cole, who is usually so good at them."