Adding to Mike McAllister's pretty-thorough answer...
Materialized views can only be set to refresh automatically through the database detecting changes when the view query is considered simple by the compiler. If it's considered too complex, it won't be able to set up what are essentially internal triggers to track changes in the source tables to only update the changed rows in the mview table.
When you create a materialized view, you'll find that Oracle creates both the mview and as a table with the same name, which can make things confusing.