What are your thoughts on psychotherapy?

I’m particularly interested in the response of those who have experienced psychotherapy, but the question is open regardless.
Do you find therapy to be cyclical in nature? i.e. you address something, work through it with a therapist, try to process/integrate it, but it crops up again and again. What are your thoughts on this?
Do you think it’s easier to live your life without analysing the various traumas humans experience?
Do you think your issues can ever be laid to rest? Or do you believe we can learn to accept them and live with them?