A build up of toxins in the water on the other hand can kill the fish. If there is too much Ammonia in the water it may even be necessary to change the water 2 - 3 times a day to keep the levels as close to 0 as possible!!!
Sometimes you need to even perform a 90% water change if you want to save your fish from high levels of toxins!!!
I think you may have misunderstood something or been misinformed!
Changing to water often is not good. If you have high levels of ammonia, then you need to let the bacteria in your filter, grow ad catch up. Its a catch 22, do change the water daily to keep the ammonia levels down, or do you let them ammonia-rich water stay in the tank and feed the bacteria colony. I say you leave the ammonia in the tank don't let it get above 3ppm, you might loose some fish, but your filter is going to be properly cycled. If you don't feed your colony they will shrink in size, becoming less effective, which means more water changes and more dead fish.
OP, get yourself some test kits. Kits for Ammonia and nitrites are most important, nitrate is nice to have but it's not necessary.
Edit: I added some fish to my tank over the weekend, the ammonia jumped to 1ppm sunday and now it is coming back down, .30 ppm at the moment.
Also how many of each fish do you have?