How can I embed videos (wmv, mp4, mpg, flv) to my post from the local server. I am using WordPress 3.1.1 version. I have searched for wordpress plugins which supports this kind of feature but couldn't find any good plugins. Is there any way to accomplish this.
You need a media player. WordPress (and more importantly your server) doesn't know how to play media unless you've got it in via HTML5. You can use plugins like Viper's Video Quicktags which can parse it for you.
Have you tried manually entering the HTML code for the
<embed> in the HTML part of TinyMCE?