Nelson,
You can, in almost every case, set up a reversing switch. However you must make sure that the motor has stopped completely before using it. The first time you fail to do this, you will let the magic smoke escape!
Most of the time you will need a 2-pole/2-throw switch. Sometimes you will need a 4-pole/2-throw switch. The switch will need to carry a high amperage (1 HP = 745 W -- and remember that, at start-up, and electric motor can draw 3X its rated nominal power). Remember that electrons from mains have a deep bite.