Answer : NO
Reason : Our forum is hosted at forumer.com which uses the Invision Board Software for their forum.
Forumer is using an
older but
Free version of Invision Board Software to provide their forum hosting service.
This old version does NOT provide Youtube "tags" to allow embedding of videos.
I understand that the latest version of Invision Board Software
has this feature.
However as this new version are no longer "free" for usage, Forumer has not upgraded to this version.
Work Around :
Embed an image of the video using the "img" tag.
Provide a http-link to the Youtube video
You can look at the sample Youtube video that I embedded below

You can click on the image to play the Guitar Youtube clip of the man playing Canon.
I used the following code to do it.