"¡Buena suerte!"

Is it traditional for native Spanish-speakers to say "Buena suerte," or is it just a traditional English phrase translated into Spanish?

This is probably a very useful phrase to know.

Does this change who is saying it, or who is receiving it? Bueno Buena?

Is this is cognate with "sort", as in "out of sorts"? It seems to be.

The first thing I thought was "Buena suéter!" (good sweater).

Where I live, I hear mostly mucha suerte. I'm curious this is related to country of origin. Most of our Spanish speakers are from Central America and the Caribbean.

Of course, that's if I believed in luck XD

Thanks. I'm going to need it to get through these language lessons.